Just heard a snippet on the ABC radio regarding a Federal Govt medling type review for housing. I missed the whole story but the drift of it was that there is an advisory committee (Loaded for a predetermined outcome) due to hand down an outcome in March. It involves the financial institiute having a share of the house, ie a 50/50 arrangement with the bank and purchaser. The purchaser has the benifit of cheap housing, able to renovate etc, and sell when they want ie ownership.
Does anyone have the full goss on this and what are peoples opinions of its outcomes. I've tryed a search for more info but have come up zippo.
My first impression is it would increase demand and thus prices -more property boom? It would initially diminish the rental market as more people buy than rent, then level out? Almost 1st home buyer scheme like.
Howard is driving this 'review' hence the predetermined outcome and it has been loaded with economists who support the concept.
Does anyone have the full goss on this and what are peoples opinions of its outcomes. I've tryed a search for more info but have come up zippo.
My first impression is it would increase demand and thus prices -more property boom? It would initially diminish the rental market as more people buy than rent, then level out? Almost 1st home buyer scheme like.
Howard is driving this 'review' hence the predetermined outcome and it has been loaded with economists who support the concept.