Dymphna Boholt on the News.

Good Morning Folks,

How are we all today? Is everything okay in your part of the world. Here in Australia, times most certainly are interesting. Even though the world, well America is in chaos, Kevin Rudd seems to be acting rather decisively, in domestic financial matters. His Bank Guarantee has calmed the punters which is always a good sign, and his bank guarantee is most definitely a winner. It has had a massive psychological impact on the economic landscape within the country. It is good to know that ones bank deposits are rock solid.

In the property investing arena, matters are looking brighter. The Kevin Rudd led federal government's plan to triple the first home owner grant from $7,000 to $21,000 for newly-built homes has been welcomed by the housing industry, which says it will provide a much-needed boost to the sector.

This new development should hopefully kickstart sluggishness within the housing investment sector. The Housing Industry Association seems to like it. They estimate that over the next 12 months 15000 new abodes will be built. So the builders like it, lets see what the real estate industry thinks. It seems that that they too fell that we are on a winner... Raine & Horne CEO Angus Raine has applauded the Federal Government for its initiative in increasing the First Home Owners Grant to $14,000 for all first homebuyers and to $21,000 for those buying new housing as their first home. He feels that these coupled together with the dropping of the interest rates, should get buyers back into the pproperty markets in droves.