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Fresh cries for further interest rate cuts amid first home buyer retreat

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Australian Broker | 13 Nov 2013, 06:00 AM Agree 0
September's abysmal first home buyer figures have renewed cries for an RBA rate cut
  • Lindsay Horlor | 13 Nov 2013, 09:21 AM Agree 0
    How are First Home Owners tracked for statistical purposes? Only by grant applications. In NSW this means any FHO purchasing an existing property is not counted, thus this constant noise about FHO buyer numbers being low is very misleading. Time for all concerned to stop using this very inaccurate statistic.
  • Shane | 13 Nov 2013, 09:42 AM Agree 0
    FHO have disappeared due to the changes in FHOGS by governments. The cost of building a new home is much more than purchasing an existing home and existing homes no longer qualify for the FHOG. It will be very interesting to see what happens in Tasmania over the next few months.
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