First Home Owner’s Grant - Grab it or leave it be? Money Tip without the BS
November 24, 2008 by Josie Kay · Leave a Comment
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The Government’s announcement that they would temporarily double the First Home Owner’s Grant from $7,000 to $14,000 if you purchase an existing home and triple it to $21,000 if you purchase a brand new home was welcomed by the housing industry. They certainly need a boost at the moment.
I remember the days when I was itching to buy a home and it felt great when I was able to purchase a little three bedroom home in the burbs on my own. This was back in the early 1990s. I sold this house in only a few years ago and it did increase in value. However, after I calculated interest costs and ongoing maintenance I made very little from it. At least it forced me to save. Read more
Money Tip without the Boring Stuff - Will property prices fall?
October 10, 2008 by Josie Kay · Leave a Comment
Bricks and mortar - safe as houses? Not sure after surfing the internet trying to find a balanced argument in favour of buying property at the moment. Here is a summary of what I found. The blue (as in colour) comments are mine. Please share your thoughts on this subject.
John Hewson – former Liberal leader, economist – 7 October 08 Gold Coast Bulletin (quite pessimistic)
“Property markets are going to go down, and go down for some time.” said Dr Hewson.
He said that falls would be across the board, particularly commercial properties. “I think there could be a hell of a property shakeout.” Read more
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