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Is the First-home grant a time bomb?

Discussion in 'Real Estate' started by Billv, 6th Apr, 2009.

  1. Billv

    Billv Getting there

    15th Jul, 2007
    Sydney, NSW
    I think the First Home Buyer Grant is helping push property prices up and this is good for developers and for the lenders as their security buffer increases but are higher property prices a good thing?

    I went to a few open homes on Saturday and people were going in and out non stop. Many properties sell as soon as they hit the market and for the asking price so the next property is listed at a higher price.

    Where is this going to stop?
    What do you think?
    There must be a better way to help first home buyers than this.