well said Trevor....
confirms one of Ronald Reagon's greatest lines:
"The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"
I think it's inevitable, even though they know it leads to increased house prices, after all way back, before the current increase, the federal housing minister stated:
http://www.news.com.au/heraldsun/story/0,21985,25285409-664,00.html
and then they promptly increased it
well said Trevor....
confirms one of Ronald Reagon's greatest lines:
"The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'"
Terrifying words indeed if the head of your government is a senile geriatric who's only claim to fame before politics was to act in a few "B" grade Hollywood westerns in the 50s.....
Beej
http://www.news.com.au/heraldsun/story/0,21985,25373912-5005961,00.htmlTHE boost to the first home owners' grant will not be extended beyond June 30, Prime Minister Kevin Rudd has suggested. "The first home owner's boost, as you know, we have indicated that will conclude within a very fixed and finite time frame,'' he told reporters in Perth.
"It's had strong useful results so far, but I have got to say all good things must come to an end.''
http://www.news.com.au/heraldsun/story/0,21985,25373912-5005961,00.html
Where to for home prices after it is canned?
aj
Terrifying words indeed if the head of your government is a senile geriatric who's only claim to fame before politics was to act in a few "B" grade Hollywood westerns in the 50s.....
The guy bought down the USSR, they tried to match his spend in the warfare budget and lost.
Some newspapers this morning are saying the grant won't be extended while others are saying that it will. As I've said earlier in the thread I'd be surprised if Kevin doesn't extend it. I think Kevin is playing funny buggers at the moment implying that he will pull the rug on the FHBG after June 30 in order to entrap the last remaining home buyers into panic buying before June 30, rather than have them postpone the buying decision.http://www.news.com.au/heraldsun/story/0,21985,25373912-5005961,00.html
Where to for home prices after it is canned?
aj
I think Kevin is playing funny buggers at the moment implying that he will pull the rug on the FHBG after June 30 in order to entrap the last remaining home buyers into panic buying before June 30, rather than have them postpone the buying decision.
You could be right....and Kevin thinks no one would be as smart as him to guess what he is up to.....he is such a self important little ear wax eating schoolboy in shorts isn't he.....
Some newspapers this morning are saying the grant won't be extended while others are saying that it will. As I've said earlier in the thread I'd be surprised if Kevin doesn't extend it. I think Kevin is playing funny buggers at the moment implying that he will pull the rug on the FHBG after June 30 in order to entrap the last remaining home buyers into panic buying before June 30, rather than have them postpone the buying decision.
You could be right....and Kevin thinks no one would be as smart as him to guess what he is up to.....he is such a self important little ear wax eating schoolboy in shorts isn't he.....
I'm starting loathe the little prick, he really annoys me now.
I don't think he will, not now.. wouldn't look good to be changing his mind over things and easy for political point scoring from the other team. "Trapping" people in, if the market did tank late in the year would also be pretty suicidal political wise. Imagine the screams..
..
come on, you always hated him from day dot..
I'm starting loathe the little prick, he really annoys me now.
He's got no right to withhold the decision on the FHBG, he is just assessing the potential damage to his poll ratings before he tells us his decision.
and he's got no right to extend it either, he's done enough damage, the little worm.
He's backed himself into a corner now , if he drops it the market will plummet if he doesn't it inflates further and will eventually plummet more later.
He will be figuring how to delay this and more handouts till just before the election or call it early, he's worked out that FHBG boosting and cheques in the mail will ensure him success at the polls and the little worm will time it to suit.
The whole argument is only about the BOOST being dropped. The original FHB grant ($7k/$14k), plus each states own programs and stamp duty concessions will remain regardless.
Whatever happens, the boost has already done it's work now. I think they will pull the boost, but might add something new to encourage purchase/construction of new dwellings. Either way the removal of only $7k extra boost will not have a dramatic influence now IMO. FHB numbers will drop back to the 15-20% mark (more in line with normal levels), but the market will be driven by the upgraders and a slow return of investors (investors maybe more towards the end of the year). Currently (anecdotally), a lot of investors are staying out so they don't have to compete in a mini-boom with all the FHBs - but the high rental yields and ability to lock in low interest rates do have some with a longer term view than many here chaffing at the bit.
Cheers,
Beej
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