First Home Buyers Grant

[JoshyJ]

Perhaps you may be better off capping the value of the first home for eligible persons rather than discriminating against some first home buyers.

I agree with capping the value of it. I also believe that first home buyers grant should not benefit owner/builders.

 

[wayneL]

Wayne, I think you would default to selection 2 even in the absence of statistical probability

But it isn't.

I'm sure evreyone has heard these jokes:

Q: How do you tell when a politician is lying
A: When his/her mouth is moving

Q: Why is a politician like a banana
A: Because they all start off green and end up yellow and bent

Baboom!

 

[krisbarry]

People should not be buying million dollar homes with it.


Julia

This makes me laugh...what does a million dollars in the property market buy you these days...nothing!

A million dollar property in the suburbs is pretty much the average now days...you might want to up it to at least 2 or 3 million

By the way, as a first home buyer (not), but I do qualify... I am happy with my $29.95 Kmart tent

Does the first home buyers grant cover tents and park benches?

 

[Marvin Martian]

This makes me laugh...what does a million dollars in the property market buy you these days...nothing!

A million dollar property in the suburbs is pretty much the average now days...you might want to up it to at least 2 or 3 million

By the way, as a first home buyer (not), but I do qualify... I am happy with my $29.95 Kmart tent

Does the first home buyers grant cover tents and park benches?

Must be some tent if you still have internet.

 

[wayneL]

Must be some tent if you still have internet.

It's the new trend in affordable housing! hah!

 

[krisbarry]

Must be some tent if you still have internet.

Ever heard of wireless

 

[krisbarry]

It's the new trend in affordable housing! hah!

LOL, sad but very true.

 

[pacer]

Wayne...the trend is your friend....what is the biggest tent making stock...lol
Canvas makers are the new stocks to watch!

 

[nizar]

Imo the biggest problem with the First Homeowners' Grant is that it's not means tested. People should not be buying million dollar homes with it.

Other than that, I'm in favour of anything which encourages and assists home ownership.

Julia

So true.
Alot of rich people were picking up properties under their kid's name so they could make use of the grant, or not even using it for the house, but a nice vase instead!

 

[krisbarry]

I used to get quite angry about not being able to afford a house, but how things have changed. Nowdays I couldn't give a stuff, renting is certainly the way to go.

You can have your houses and your higher interest rates too.

LOL, another rate rise today

I am going to get a cheap credit card today and rack it up with so much debt to keep inflation high, well into the new year

Anybody want a free Ipod or two...

 

[Marvin Martian]

I used to get quite angry about not being able to afford a house, but how things have changed. Nowdays I couldn't give a stuff, renting is certainly the way to go.

You can have your houses and your higher interest rates too.

LOL, another rate rise today

I am going to get a cheap credit card today and rack it up with so much debt to keep inflation high, well into the new year

Anybody want a free Ipod or two...

mmm
A friend rents a property and they have bumped the rent up twice in the last year quite considerably. I think the tent is a better option.

 

[Buster]

I used to get quite angry about not being able to afford a house, but how things have changed. Nowdays I couldn't give a stuff, renting is certainly the way to go.

You can have your houses and your higher interest rates too.

LOL, another rate rise today

Wow.. As with any business, costs are passed onto consumers.. Surely you don't believe the 'Higher Cost' of servicing the investment won't be passed on from the landlord to the tennent??

Sounds like your clock has already stopped..

Regards,

Buster

 

[Buster]

This makes me laugh...what does a million dollars in the property market buy you these days...nothing!

A million dollar property in the suburbs is pretty much the average now days...you might want to up it to at least 2 or 3 million

By the way, as a first home buyer (not), but I do qualify... I am happy with my $29.95 Kmart tent

Does the first home buyers grant cover tents and park benches?

Not sure where you live 'Stop the Clock' (Planet Reebok perhaps.. ) but I live in the 'Boom' state that apparently will be more expensive than Sydney by Xmas..

I can tell you that a cool Million will buy you two or three *very* nice abodes in numerous suburbs.. and this place is truley 'God's Country'..

Not that I'm interested in the Property Market over this way ATM.. There is bound to be tears soon..

Cheers,

Buster

 

[Julia]

This makes me laugh...what does a million dollars in the property market buy you these days...nothing!

A million dollar property in the suburbs is pretty much the average now days...you might want to up it to at least 2 or 3 million

By the way, as a first home buyer (not), but I do qualify... I am happy with my $29.95 Kmart tent

Does the first home buyers grant cover tents and park benches?

STC

I can't comment on what house prices are where you live, but I'd be very surprised if the average house in the suburbs costs $1M. I would have thought such a fact would have been included when median prices for all the cities are published.

I don't particularly see the point in capping the value of house purchased under First Home Owners' grant. What's to stop said purchaser immediately selling it and buying something more expensive (unless the grant is conditional on a defined period of residence).

If someone can afford to buy a $1M dollar home then I just don't see why they need the tax payer to contribute $7000 towards it.

Lots more needy causes out there than using the money in that way.

But if you have a young family struggling to pay rent, and the $7000 will make the difference which will allow them to get into a very basic home and then meet the mortgage repayments instead of rent, then that seems to be really genuinely helpful.

Julia

 

[Smurf1976]

Quote from a local real estate agent in the area my mother lives: "They (young couples) are accepting any offer they get, sometimes even in the 100's, because they just can't afford to keep the property".

Hmm... Houses in the area in question being typically $250K in recent times and they're having to accept offers below $200K in order to sell them. That's not a bull market...

By the way, this is a perfectly normal middle income commuter suburb in Hobart, and quite a popular one at that.

Meanwhile, I note that the local Hobart "Real Estate Guide" is now a full 80 pages. Yep, the newspaper last Friday had 136 pages in it, 80 of which were nothing but houses for sale. Housing shortage? I don't think so, especially given the number of those properties for sale that are obviously empty.

And all this before the latest rate rise. But don't worry - "You can't lose with property" and this slide will never come to WA, just as it was never coming to Tasmania and was never going to start in Sydney.