Australia’s largest builders have grabbed a bigger share of the new home market thanks to the tripling of the First Home Owner Grant.

Despite a 6.5 per cent slide in new home starts by the largest builders, the rest of the market fell by a much harder 17 per cent, enabling the HOUSING 100 to boost their dwelling starts to 38 per cent of Australia-wide commencements in 2008-09, up from 34 per cent the previous year.

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