DISQUS

martin_english · 7 months ago

Ross Gittins commented in the SM earlier this year on the same problem. However, he saw it as having a 'politically correct' outcome; It loks like Rudd is doing something to help the first home buyer, but by maintaining the prices of existing housing stock, he lessens the loss of confidence (and the attnendant risks of defaults or foreclosures) due to people loosing equity in their houses.

Duncan Riley · 7 months ago

In some regard, you're right. Well, specifically economically you're right, but I'm not sure it's a political message that is getting through (and hence the only real advantage from it for the Government). My deep concern, and I've really rolled the dice here, is what will be the effect on the market post first home buyers grant. The play is: will the economy have bounced by the end of the year or not. If it has, there will be no move. If it goes dramatically backwards, there's going to be a correction...and that screws me buying now (although we've bought a new property further out, so I'm hoping the impact would be lower vs something more expensive closer in).

We'll know about November :-)

Mike · 7 months ago

Property prices are crazy in Australia. The pool likes nice. If it's shared by everyone at least you don't have to bother with the cleaning.

Live lead transfer · 5 months ago

Great post.. I really enjoy reading your post..
Keep posting..

Live lead transfer · 5 months ago

Great post.. I really enjoy reading your post..
Keep posting..