You’d think real estate agents would enthusiastically applaud government plans to introduce some sorts of subsidies for first home buyers.
Thursday, March 13th 2003, 12:33PM
by The Landlord
Afterall, in Australia where the government has been handing out lump sum contributions (starting at A$7,000 and rising to A$14,000) towards deposits of first home buyers, shows what a fillip such a move can provide an already sizzling housing market.
Official figures show the median house price in Australia’s major cities rose 18.4% in 2000 – Sydney’s median price has surged almost 80% in the past five years (of course, not all of that could be attributed to the first home buyers grant).
