how much does a property bubble cost?

Can you put a price on the cost of keeping property in a bubble? Probably not but we can try....



$15,000,000,000 - Yes, 15 Billion Dollars



Keep in mind this figure ONLY takes into account the NSW & VIC First Home Owners Grants and 1 year of negative gearing back in 2004. It's quite staggering!

FHOG:
NSW = $7.692 BILLION (2000 - 2011)
VIC = $2.021 BILLION (2008 - 2011)

Negative Gearing
$3,900,000,000 (2004-05)

"Negative gearing payments made by the Australian Commonwealth government to landlords suffering a loss"

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Information on FHOG
http://www.firsthome.gov.au/


NSW Stats - http://www.osr.nsw.gov.au/lib/doc/stats/fhb_top_20_inception.pdf


Vic Stats - http://www.sro.vic.gov.au/sro/SROnav.nsf/LinkView/C7362642235C1130CA2577B900044061D5B4BCE85935D2CDCA2577B900042CDA




"Negative gearing payments made by the Australian Commonwealth government to landlords suffering a loss went from $600 million in the 2001-02 tax year to some $3.9 billion in 2004-05. This was also a 50% increase on the previous year."

http://en.wikipedia.org/wiki/Negative_gearing_(Australia)

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