It depends on what sphere of the market you will are looking to buy in. The lower end probably isn't the best place to be buying right now. There is a definite bubble there. There are a lot of buyers who are rushing in for FREE money. If you are looking to buy in the mid to high end of the market you may want to enter. Then again over the next 6 to 18 months if unemployment reaches the levels that have been predicted value could drop further than what they have already done.

If the FHOG/BG has created a detrimental bubble then we may see property values for dramatically.

hmmm a few people have been asking (wian & trustieone) about backdating and wondering if they are eligible for the 14k grant since it has been introduced after their transaction processes were started.

Have you guys lodged your applications yet? If not, then since you bought your properties after 2000 the date the ACT was introduced my thoughts are that you would be eligible for the 14k!

Am i correct? Also, the application says that you are not allowed to apply if you have already lodged an application however if you have lodged an application and canceled and given the money of the grant back then you may apply again. Although i am sure you will probably only be allowed to cancel with good reason.

Just some thoughts,

Jeff