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Inner Western Courier Thursday Not Used Anymore : October 22 2008
MB INNER-WEST WEEKLY, Thursday, October 23, 2008 7 NEWS www.innerwestweekly.com.au Time right for first timers to buy SHIREEN KHALIL Lisa Michael looks forward to buying her first home. Picture: PHIL BLATCH ~PP205645 THE doubling of the First-Home Buyers Grant is a great incentive for Lisa Michaelto buy a property in the Inner West before the $14,000 grant expires. Ms Michael had been looking to buy a house before but wasn't in a rush. ''Since it doubled though, I've been eager to get in the market and now I'm looking harder,'' she said. The 22-year-old assistant ac- countant, who lives at home with her parents and three brothers in Greenacre, said there were many reasons she wanted her own place. ''Firstly, because of the in- crease in the first-home owner's grant. Secondly, the property market is more affordable and interest rates are stable, and of course to be a little more indepen- dent and to set myself up for the future.'' Despite being grateful for the increase, Ms Michael said it was disappointing the grant was only valid until mid next year. ''I think it is a shame. It should be extended for at least another year because I feel a little pres- sured, but it's more of a push up the backside for me. I've been looking for the perfect property for the last 12 months. This is just Kevin Rudd telling me and the rest of the people in my situation to buy now and take advantage of the new government grant.'' Ms Michael is willing to spend $400,000 on a three-bedroom home. ''The grant could mean me giv- ing a 20 per cent deposit on the property, therefore I will have less borrowing costs,'' she said. Clifford and Irene Sykes, of Ashfield, will spend wisely. Picture: PHIL BLATCH ~PP205646 Pensioners are careful FIONA BRADY INNER West pensioners won't squander their cash bonuses from the Federal Government, accord- ing to one Ashfield pensioner. Irene Sykes said the money would be a huge help to the many seniors who have been struggling. Under Prime Minister Kevin Rudd's $10.4 billion spending package, single pensioners will receive a one-off lump sum of $1400 in December while pensioner couples will pocket $2100. Mrs Sykes and her husband Clifford are both in their mid-70s and live in Cardinal Freeman Village. They say they will spend their $2100 on their car. ''This will enable us to keep our vehicle registered and pay for insurance and maintenance,'' Mrs Sykes said. ''I have been talking to a few people about what they will do with the money and one lady said it would enable her to pay for her health fund and another said she'd use it to clear some of her out- standing bills.'' She said for many elderly people the current economic crisis was all too familiar. ''A lot of people here are chil- dren of the depression years and this brings back memories of the bad times. ''People are also concerned about the younger members of their family and worried about their falling superannuation.'' spring racing carnival Rosehill Gardens is the perfect place to entertain on Melbourne Cup Day with fine hospitality options to suit all budgets and tastes. Plus there's plenty of entertainment including five picnic races, live music, full betting facilities and big screens to watch all the action from Flemington. Visit the theraces.com.au or call Sydney Turf Club on 9930 4000 for more information. Tuesday 4 November melbourne cup day vega 95.3fm's party the horses! with TICKET OFFER Pr oupon at any entrance to Rosehill Gardens on Melbourne Cup Day when you purchase one full priced general admission ticket and you will receive a second general admission ticket for FREE! Terms and Conditions apply. Not available in conjunction with any other offer, Cannot be redeemed for cash. Valid on Tuesday 4 November only Pr P2T esent this co hill G d sent this res sent for
October 15 2008
October 29 2008