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Don't blame investors for whittling first home buyer demand, says economist

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Australian Broker | 09 Oct 2014, 04:48 AM Agree 0
​One economist is downplaying the hype surrounding investor demand pushing first home buyers out of the property market, saying he does not regard investor demand as “massively excessive”
  • Ed | 09 Oct 2014, 10:13 AM Agree 0
    That last paragraph says it all. All very well trying to use the FHOG to generate construction activity in NSW but as a broker with 13 years experience East of Ryde. I can tell you there is very little new stock available in the first home buyers price range. So Barry O'Farrell has a lot to answer for in reducing the borrowing power of First Home buyers in Sydney. Nice idea, poorly executed.
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