"we need it to keep our housing ponzi bubble going a few more years while all rba board members and pollies dump properties to unsuspecting fh buyers before the inevitable collapse'
They left it a bit late. Wasn't the first home buyers boost, and the relaxing of the foreign investment review board legislation in 2008 designed to give pollies time to dump their properties to the Chinese.
Treasury wrote "This short-term stimulus was designed to encourage people who had already been saving for a home to bring forward their purchase and prevent the collapse of the housing market."
They must have known if they bring forward demand, it will collapse again!
Or don't tell me they got greedy, and decided to speculate on the upside of the BOOST! Stupid!
