If I buy a property worth $360,000 today, I pay $0 stamp duty and recieve $14,000 from FHOG
I cant see property in the less than $400,000 range decreasing so long the FHOG is in play. So assuming the government abolishes it, a 10%-20% drop in these houses. (is this reasonable?)
Same property becomes ~$300k? Stamp duty is ~$12,000 and no $14,000, so net cost is $26,000.
In this case it is better to hold off? - in my view it all hangs on the governments FHOG intentions..
