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SA extends housing grants

The housing construction grant in SA has been extended until the end of the year.

Consumers looking to buy property in South Australia (SA) can continue to take advantage of government grants.

Premier and treasurer Jay Weatherill has decided not to follow suit with other states, which have cut housing initiatives in a bid to save money, and is maintaining the state's grants.

The housing construction grant, which offers up to $8,500 to anyone looking to buy or build a new house, was due to end on June 30th, but has instead been extended to December 31st.

Mr Weatherill made this announcement as part of the state Budget, which showed a cautious approach to the year.

The SA economy is not predicted to grow much this year, with experts predicting a rate of 1.25 per cent, which is much lower than the national rate of three per cent.

Yet, rather than cutting investment in particular projects, Mr Weatherill argued that these are needed to boost SA in the future.

Posted by Steve Douglas

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