cessation of first home buyers grants, page-26

I love the language contained in Trashcan's media quote:

"These changes will significantly disadvantage a large majority of first home buyers, as over 80% of homes bought in NSW are existing properties.

Consequently, NSW first home buyers will need 3% to 4% more when purchasing an existing property."


Here is what the quote should have said:

"These changes will disadvantage owners of established properties, as NSW first home buyers will have 3% to 4% less money on-hand when purchasing an existing property.

Consequently, prices for established homes in NSW should be expected to fall in price by 3% to 4%, everything else being equal."