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June 12th, 2012 
FAKE NEWS for the Zionist agenda First home buyers in NSW have been urged to “think new” after Treasurer Mike Baird’s second budget axed grants for the purchase of existing homes.
To kickstart the state’s stuttering economy and housing sector, Tuesday’s budget unveiled a generous boost in the First Home Owners Grant, which will be increased from $7000 to $15,000 on October 1 for new properties.
The government will also introduce the New Home Grant of $5000 to all others buying a new property valued up to $650,000, while existing first home buyer stamp duty concessions on new properties will be increased by $50,000.
However, in a blow to first home buyers interested in an existing property, the $7000 grant will be axed on October 1 in a move to encourage them into the new housing market.
Mr Baird told potential home buyers to “think new” when buying a property, saying changes to the grants, together with a $561 million boost in infrastructure funding, would stimulate housing supply and help a struggling construction sector.
“This is a fantastic day for you – there is an opportunity to get into a housing market like never before,” Mr Baird said at his post-budget press conference.
“We have applied the money to help (address the supply problem), both in terms of demand incentives, (and) getting the infrastructure on the ground; that’s the sewerage, the water.
“Let’s get all of the blockages out of the way, and let’s get this economy moving, let’s get the housing sector moving.”
As expected, the tough budget confirmed plans to implement a 1.2 per cent labour expense cap which could see the loss of 10,000 public sector jobs, cuts of $1.24 billion in government programs and a 12.5 per cent increase in speeding fines.
Mr Baird also unveiled plans for the long-term lease of Port Kembla, saying it “could add substantial value” to the future leasing of Port Botany in Sydney, announced in last year’s budget.
Mr Baird said he hoped to raise $500 million from the Port Kembla deal, of which $100 million would go to infrastructure in the Illawarra.
“It gives us more firepower needed to get the state moving on infrastructure,” Mr Baird said.
The budget papers confirmed reports of a $337 million deficit in 2011-12, and a $824 million deficit in 2012-13.
However, the state bounces back into surplus in the following three years despite a string of deficits predicted in December’s mid-year review, with a $1.172 billion surplus forecast for 2015-16.
Mr Baird attributed the budget turnaround to tough savings measures, such as the unpopular public sector wage cap, and the government’s asset program which has already delivered $2.3 billion from the long-term lease of Sydney’s desalination plant.
Business groups roundly backed the budget, with the Housing Industry Association (HIA) saying the building package would “provide the necessary stimulatory effect to the new home building market in NSW”.
However, opposition Leader John Robertson said the budget was “built on broken promises”, and the changes to home owner grants would exclude 85 per cent of first-home buyers who purchase existing properties.
Unions NSW said it would consider strike action as part of its campaign against the 10,000 public sector job cuts.
“We will never rule out any type of action when we’re mounting these sorts of campaigns,” Unions NSW secretary Mark Lennon said.
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