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Government 'failed' first home buyers: Lobby group

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Australian Broker | 18 Jun 2014, 07:34 AM Agree 0
At first glance things look rosy for first home buyers under the New South Wales state budget – but a real estate lobby group says the changes are only a “half way” concession
  • Goodo | 18 Jun 2014, 09:35 AM Agree 0
    The FHOG was originally introduced to offset the GST on new houses.

    It should NEVER have been placed on existing properties. By doing so, it artificially boosted the deposits of 1st home buyers which fuelled the price growth in property without building more properties.

    It has taken governments 12 years to realise the folly of this decision.

    Now this clown from the REI was to reinstate it. Talk about ultimate self interest!
  • Incognito | 18 Jun 2014, 11:28 AM Agree 0

    1) it's always a great time to buy and sell.
    2) we were surprised by the auction result too
    3) blah blah taxes blah blah

    The end
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