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(The Budget) Good or Bad for First Home Buyer?
Topic Started: 8 May 2012, 10:02 PM (1,139 Views)
maun6019
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this fresh budget has nothing to do with First home buyers (i thought there would be something)

what's everyone through?
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nipa hut
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maun6019
8 May 2012, 10:02 PM
this fresh budget has nothing to do with First home buyers (i thought there would be something)

what's everyone through?
Considering that previous first-homeowner programs have been largely counterproductive, I'd say the budget's silence on the topic is a Good Thing.
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peter fraser
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maun6019
8 May 2012, 10:02 PM
this fresh budget has nothing to do with First home buyers (i thought there would be something)

what's everyone through?
I looked but I couldn't find anything. the only thing at first glance (and I may be quite wrong) those who are being slugged with a greater tax burden may look for tax concessions, which may direct them towards negative gearing.

But it's early days yet. We will be sick of budget analysis in a couple of days.



Any expressed market opinion is my own and is not to be taken as financial advice
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stinkbug
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No obvious impact, I'd say.

---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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miw
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stinkbug
8 May 2012, 10:27 PM
No obvious impact, I'd say.

Same here.

It does seem to be redistributive in that moves money towards people who are more likely to spend it, which is likely to be good for retail. Not gving tax breaks on deposit interest will push people to get out of cash, which is probably expansionary.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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themoops
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There won't be any propping up of the bubble with this government with handouts. The Liberals will just berate them and say it makes housing less affordable, which it does. Abbott will be able to do it because by the looks of things he'll have a solid amount of power. But I doubt he'd do something so foolish as people have had a gut full of governments propping up housing.

All up the budget looks pretty harmless and won't have any effect either way.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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newjez
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Well at least it will end all the chicken or the egg arguements about the 2009 boom.

Or should I say - rate cuts or incentives.
Edited by newjez, 9 May 2012, 07:46 AM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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