Wednesday, October 15, 2008

$21,000 Incentive not good enough for First Home buyer Grant

The Rudd government has offered an extra $7000 for first homebuyers buying an established home and an extra $14,000 for those interested in buying a new home. Some articles have already slammed this idea as being inflationary to the housing industry, creating a bubble that will burst on the 30th of June 2009.

For a first home buyer in the Perth market, it will be interesting to see how the market reacts to this incentive. This weekend, either people will be rushing out to buy a house or maybe there will be no real effect. Personally, I am considering talking to a home loan broker or asking about a mortgage - not sure where to start. Perhaps a smart home loan broker will advertise on Facebook sometime soon... i would.

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