Thank you all for sharing your views.  I have broadened the scope of the petition to address the possibility of stamp duty concessions for first home owners. 

Of course, but the point remains that it is primarily investors who are being motivated by these low interest rates to sink their money into the property market.  Notwithstanding consecutive interest rate cuts there was a 57% drop in the number of home loans to NSW first-home buyers in the 12 months to the March 2013 quarter.  In other words, low…[Read more]

I concede there is an argument that government incentives can (and perhaps in the past have) distorted the market such that any benefits may be wiped out.  However, and without disrespect to forum members, it seems pretty indisputable that recent record auction clearance rates and significant property value increases have been driven primarily by…[Read more]