For some reason Domain's property blog are reporting that the full First Home Owner's Boost will not be paid to people who haven't finalised their financed by the end of October 31 (and not just have a signed contract).
It think it's a bunch of crap, but read about it for yourself here: http://blogs.domain.com.au/2009/08/first_home_buyers_dont_have_un.html
Its in direct contradiction of both FHCSIA's and the ACT Govt's websites.
The only thing I can think of is that its worded a bit sloppily to mean that people who are purchasing an existing property need to have things finalised by 31 Oct to get the full amount, but that people who have entered into contracts to have something built should still be eligible.
More info from FHCSIA here: http://www.fahcsia.gov.au/sa/housing/payments/Pages/FirstHomeOwnersBoost.aspx
More info from the ACT Revenue Office here: http://www.revenue.act.gov.au/home_buyer_assistance/first_home_owner_grant
It has me in a bit of a flap!
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