First home grant could become green home grant

The first home buyers grant will be reshaped to offset the cost of the new federal government green homes program under a plan being discussed by federal and state ministers this week. The green homes plan requires that all new homes have a six star energy rating by 2010. The six star level includes light fittings and hot water systems and is expected to push up the cost of a new home significantly.

Source: The Australian Financial Review

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