Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Lender

Poll shows FHOG inflating prices

3 minute read
The Adviser

An online poll conducted by Loan Market Group has found two-thirds of Australians believe the federal government’s increased first home owners grant has pushed up house prices.

Of the 633 respondents, one in five thought the grant had no effect on prices while 13 per cent said they thought property prices had fallen.

According to the poll, 35 per cent of respondents who thought the grant had inflated prices said it had only affected the lower end of the property market; 31 per cent said it would not stop them from buying a house.

More than 97,000 Australians have taken up the higher grant since it was introduced last October, statistics from the ABS revealed.

The grant will be pared back to $10,500 for established homes and $14,000 for new homes from October 1 before returning to $7,000 for both categories on January 1.

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits