'The top end will fall 1st as first home buyers hold the lower end, its easy to hide the fall atm but when the first home buyers grant is reduced the crash will begin in earnest as first hoe buyers slow down hard then people rush to sell, its like the stock market but slower, the chart says sell and its a cycle, trend is your friend'
Agree with this statement. Those that wanted to take advantage of the Government stimulus have already done so. So from the end of June onwards you should actually see a decrease in first home buyer demand as those that needed the boost have already purchased before the original deadline date.
Myself and many other first home buyers dont buy into the whole artificial stimulus that the governmenment have introdced and realise that once this skewed force is removed from the market, prices will correct to more affordable levels. So, myself and many others would prefer to wait and see what happens once the boost has been removed. If it corrects thats great, cheaper prices, but if it doesnt then in the meantime my deposit base is increasing on a fortnightly basis.
