The Great Australian Property Swindle
#932
Re: The Great Australian Property Swindle
#935
Re: The Great Australian Property Swindle
I think the confusion has arisen over the use of the term 'First Home VENDORS Grant' as opposed to anything else.
I believe that Rambi was articulating that he wasn't aware of any such scheme.
S
#937
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: The Great Australian Property Swindle
That's the problem with conveying certain forms of humour in print, you're not sure who's joking and who's not.
#942
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: The Great Australian Property Swindle
I'd question the merits of the policy altogether. If there is a 'property ladder' as we're led to believe then this is always a subsidy to vendors because every buyer in this market has this subsidy so there is no advantage to the buyer.
#943
Re: The Great Australian Property Swindle
It's Labour in the UK as well. I believe it was King O'Malley (an American in the ALP) who pushed for the name change to emphasize closer relations with the US.
Last edited by Rambi; Apr 16th 2011 at 7:02 am. Reason: grammar :D
#945
Re: The Great Australian Property Swindle
I'm not sure I could call it. It was principally aimed at providing stimulus to the economy rather than to boost housing. Housing at that time didn't need boosting whereas the economy needed protecting. As the economy faired quite well it could be said that it was good policy. If it was bad policy I think it's too early to call. If we have a serious housing market crash across the whole of Aus in the next 2 years then I would be prepared to call it bad policy.