Equality Needed for First Home Buyers
When the GFC hit, the then Rudd government raised the First Home Owner’s Grant (FHOG) to $14,000 for established homes and a whopping $21,000 for new builds. Whilst unsustainable long-term, the resulting economic stimulus to the building and construction sector helped carry the nation through the GFC better than any other developed economy.
This stimulus helped lift WA’s property transactions to 71,000 in a … Read the full post »