Why property prices won't crash before July:
Oct'08 there were 121 first home buyers. In Feb there were 12,300 first home buyers.
Property market set to crash second half of '09 unless the Feral Government throws away more money extending the first home buyers grant luring them into debt they cannot afford.
UBS:
First home owners ‘boosted’
The number of first home owner boosts in February slipped by 1.5% to 12664 but is still up very sharply from 121 since October when the stimulus was introduced.
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Peter Batten, MD
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