Sounds like developing may be an attractive option, with new house values going to rise with first time buyers being even more enticed into this market.
interesting how the government is steering FHBs to new properties… Personally, I don't like buying new homes – they're harder to negotiate the price for, and they tend to be more expensive than existing homes
I wouldn't say it's an interesting initiative. It's a pretty standard response – if they want to boost the building industry, they offer an incentive to buyers. Not sure if it's the most effective way to go about things – it generally inflates prices which offsets the subsidy. Certainly looks good for the Government of the day though.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
yeah i also think that there could've been a better way to go about it.. but not sure what other alternative the government could have had… what else could they have done instead?
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