Does everyone know about this.
read this article, I found out about it today.
http://www.news.com.au/business/story/0,23636,21899896-462,00.html
Is it coming in.
They say it is a vote getter for the elections.
It will help in deposit building(i need all the help i can get) but does not solve the major affordability crisis with high repayments(only puts a bandaid on).Any replies/comments guys?
Chris.
I have a few thoughts on this.Although it may help some people who are ready and should buy. It may also allow people to purchase a property when maybe they really shouldnt. And this may also push the prices up a bit again.If the difference between buying a property and not affording one is the doubling of the FHOG then i would be carefull.
I think it's a great idea. Will get my vote!
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