Western Australian first home buyers are returning to the market in droves with the number of people accessing the scheme jumping by 28 per cent last year.
Treasurer Troy Buswell said it was encouraging the number of First Home Owner Grants paid in 2012 increased by 3,751.
“I am pleased more West Australians are becoming home owners with the help of our grants scheme,” Mr Buswell said.
“We helped 17,171 first home buyers get into the property market last year from grants of $120 million. When you take out boosts given to the first home owner scheme, the December quarter was the highest number of grants given out in 10 years.
“This is clear evidence WA’s property market is gaining strength and will have flow on benefits to other parts of the economy.”
In the last three months of 2012, 4,790 first home owner grants were distributed. The First Home Owner Grant provides $7,000 to eligible first home buyers who purchase their first home up to the value of $750,000, or $1,000,000 if the property is north of the 26th parallel.