The Federal Government’s own advisors – the Australian Bureau of Statistics – advise that 93% of FHBG’s go to established home buyers and only 7% go to new home buyers. Therefore, the FHBG does very little to stimulate the economy or create jobs. The only beneficiaries of established home transactions are real estate agents, lawyers and financiers.
We need more new homes constructed in Queensland and around Australia, to employ more trades people and purchase more building materials. But the FHBG boost, which will extend until 30 September, and a further extension until 30 December 2009 is in the same form as before.
Even though there is a small incentive (+$7,000) to buy a new house, this obviously has not had the desired effect. The boost needs to be a lot more than $7,000 because new houses require landscaping, fencing, windows, carpets etc which are additional costs compared to established homes.
Effectively, the FHBG should give more incentive for new home buyers and less for established home buyers. The overall cost of the scheme would have been lowered at the same time because there are considerably less new home buyers than established home buyers in the system.
Tuesday, May 19, 2009
Wednesday, May 6, 2009
Upcoming Presentations
Women in Tourism Breakfast - 5 June
I will be speaking at the forthcoming Women in Tourism networking breakfast at Legends Hotel, Broadbeach, Gold Coast, on 5 June 2009. I will present a pre-release of the May 2009 Midwood Report including the latest property and tourism findings for the Gold Coast and Queensland. For more information or to reserve your seat at this event, visit www.womenintourism.org. We hope to see you there!
Home Buyers Show - 13-14 June
The Midwood Queensland Investment & Prodap Reports will be exhibiting at the Brisbane Home Buyers Show on 13-14 June 2009 held at the Brisbane Exhibition Centre. Here I will be speaking at a free seminar during the show on both saturday and sunday (13 & 14 June). Contact my team on 07 5522 8755 for your half price ($7.50) entry ticket to the show. To find out more about the event visit www.homebuyersshow.com.au.
I will be speaking at the forthcoming Women in Tourism networking breakfast at Legends Hotel, Broadbeach, Gold Coast, on 5 June 2009. I will present a pre-release of the May 2009 Midwood Report including the latest property and tourism findings for the Gold Coast and Queensland. For more information or to reserve your seat at this event, visit www.womenintourism.org. We hope to see you there!
Home Buyers Show - 13-14 June
The Midwood Queensland Investment & Prodap Reports will be exhibiting at the Brisbane Home Buyers Show on 13-14 June 2009 held at the Brisbane Exhibition Centre. Here I will be speaking at a free seminar during the show on both saturday and sunday (13 & 14 June). Contact my team on 07 5522 8755 for your half price ($7.50) entry ticket to the show. To find out more about the event visit www.homebuyersshow.com.au.
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