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'We hope it's enough': State unveils massive $30,000 first home grant

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Australian Broker | 08 Nov 2013, 07:00 AM Agree 0
In an effort to kick-start its tepid local housing market, one Australian state is now offering a $30,000 grant to first home buyers
  • Country Broker | 08 Nov 2013, 09:25 AM Agree 0
    The Victorian Government MUST LOOK at this
  • Peter (Wishful Thinker) | 08 Nov 2013, 10:07 AM Agree 0
    Further inflate building costs
  • oldBroker | 08 Nov 2013, 10:44 AM Agree 0
    FHO Grants are the worst idea ever. They raise the cost of housing for everyone across the board. A better idea is to make either all or a portion of mortgage payments tax-deductible for FHO. Then it doesn't impact non-FHO buyers.
  • Perth Broker | 08 Nov 2013, 11:06 AM Agree 0
    Good to see the Tasmanian Government are wasting the GST they gouge from WA!!!!!!!!
  • SKEPTIKAL | 08 Nov 2013, 01:52 PM Agree 0
    Problem is where aer the First Home Buyers going to get jobs to pay for their mortgage.
    The Greens have all but shut down most industries!!
  • WP | 08 Nov 2013, 05:18 PM Agree 0
    So by this time next week housing will have gone up by more than 30K, the benefit will be short term, then everything will stall as all the first home buyers from the next 2 years have been pulled forward, leaving a hole in demand.

    It would be better just to phase out stamp duty, so its not so expensive for people to move, not so expensive for the empty nester's to downsize, and maybe a few properties will come on the market.
  • Tas broker | 08 Nov 2013, 05:25 PM Agree 0
    Need something out of WA everything else they have to offer is second rate
  • John C | 08 Nov 2013, 09:21 PM Agree 0
    Oldbroker, that's one of the best ideas I have seen for a while. In fact I am aware of a new Political Party being formed for Small Business and this idea is on their platform!!
  • Peter Argeetes | 09 Nov 2013, 12:57 AM Agree 0
    Also the NSW govt!

    Poor Broker
  • SEQ BRoker | 10 Nov 2013, 04:30 PM Agree 0
    Since when is a government grant considered a "deposit". Usually payable at first draw anyhow..
    In QLD, punters have realised they still have to save 5% and find some way of evidencing "genuine" savings.
    Its the saving of 5% that is the limiting factor not how much the government wastes on buying some new home owner furniture and other goodies.
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