By Robert Carry
The government is set to confirm the scaling back of a range of stimulus measures as the economy continues to show signs of recovery.
The Treasurer's mid-year economic and fiscal outlook (MYEFO), due for release today, is set to include unemployment predictions lower than previous forecasts.
Among stimulus measures set to be cut is the First Home Owner Grant, which is to be restricted to homes valued at less than $750,000 from 1 January 2010.
However, The Australian Financial Review quoted a government source as saying the report will "not be all good news" adding that "it will show we've still got a long road ahead of us".
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out