yeah well the first home buyers grant is stupid...anyone who did basic economics knows if you have a supply and demand curve and do something like that you just shift the whole demand curve upwards by that amount, $10,000 or whatever it is.
But having said that, do we blame the RBA or the Fed or the Japanese central bank? world markets are flooded with liquidity? or do we blame buyers - as the decision in the end rests with them? I don't blame the Federal Government as much as I do buyers, on the other hand they just want a place to live and see prices rising week after week so they chase the market.
I don't hold property but am waiting for a reality check. By that time it could be double today's levels but might drop back 20% lol
