Yeah the grant would explain part of the surge but I would also attribute the 5% interest rates at the time. Which begs the question if it looks like Australia is heading for recession, is the RBA likely to lower interest rates and are governments likely to stimulate the economy with grants and what not? I think they will which is why I dont think volume is an indicator in property.
Those charts you posted above from rpdata, are you able to overlay the underlying cash rate at the time as opposed to the average?
