a) % of FHB who buy for cash (don't register for a loan),
- Based on your reference to the Senate equiry in 2004 i assume you read it and know that the vast majority of FHB are heavily depent on debt/credit. So again minimal if not negligible.
b) % of FHB who enter the market as investors (not register for FHB grant),
- This will be picked up as investor financing data.
AND..
FHB who participate in the new build or Off-the-plan do not contibute to current price growth. In fact that type of activity is likely to have a negative impact on current prices. The reason being...
Prices get registered on the completion of a transaction OTP sale do not get registered until settlement takes place. As you indicate several years following..new builds only get the sale of the land registered so no affect on median house prices. What this 'new housing' activity does is it takes away demand from existing stock and (in future add to stock/supply) and hence lower demand for existing stock results in less competition for listed properties which leads to..i reckon you can guess where i'm going from here..
