The Australian Government has announced a $42 billion stimulus package to help the economy avoid recession due to the global financial crisis.

In April, $900 Payments will begin for all low and middle income earners.

Amid the credit crisis, a home loan frenzy
The nation's largest lender has been forced to hire more staff, as demand for the Federal Government's first home buyer grant has seen processing times for loans blow out. 

Rate cuts spur first-home buyers
Three-quarters of first-home buyers are planning to buy a house as lower interest rates and cheaper dwellings make their dream more affordable, a survey says.

Industry groups call for Government to extend first home owner grant beyond June
Official statistics show the boost, which formed part of the federal government's $10.4 billion fiscal stimulus package announced in October, has tempted first home buyers back into the market.

Reserve keeps faith as rates left on hold
The Reserve's decision to end its series of consecutive big cuts by leaving official interest rates on hold at a 45-year low of 3.25 per cent was seen as a pause, not the end of reductions.

Homes most affordable in five years
The Australian dream of owning a home is more affordable now than it has been for five years following lower interest rates and greater Government subsidies, a report says.

Lights in the gloom
Looming recession or not there are winners and losers in every investment cycle and this one is no different.

Rudd grant to drive recovery
Australia's largest home loan broker says Rudd's first home buyer grant has sparked a building rebound that could prevent a recession

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