Continue to lure first home buyers into a market that is amongst the most expensive in the world with our hard earned tax dollars? Human stupidity is boundless.
Making the bonus exclusively for new homes is not a bad idea, but for existing homes is just vote buying by propping prices. Maybe less will fall for the trap if they see prices declining and the new FHB's who have taken the bait get a creaming with higher cost of living and increasing interest rates.
