Thursday, May 12, 2011

Colin Barnett on First Homebuyer Grant - No

"I don't want to hark back to the past, but in previous times couples, single people would often be content with buying a flat or an old house and doing it up... Now there seems to be an expectation amongst many, if not all, first-home owners to buy a brand new four bed, two bathroom home. Be realistic about your expectations and be prepared to buy a fairly humble property first off and gradually work your way up as you go through life and your income increases." - Colin Barnett 11/5/11

I guess we won't be getting an increase in the first homebuyer grant. The only thing left to do is keep our expectations low. That is, don't buy houses until they are affordable. Buyer's strike may not be going ahead but we can still exercise buyer discernment.

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