3 ms·
I wonder why these first-home grants (many countries have them, Australia, Canada and New Zealand for example) don't say - use this but only for a house within
by telesilla 9y ago
I wonder why these first-home grants (many countries have them, Australia, Canada and New Zealand for example) don't say - use this but only for a house within 5% of government valuation. That way, the price can't be inflated. Sure - for now, many may not be able to bid on a property but once prices start to fall this should make sense.
- i_feel_great 9y agoThis is because the actual reason (for the First Home Buyer's Grant in Australia at least) is to stimulate the building industry. It is not to make housing cheaper.