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Most think grants inflate house prices

Most think grants inflate house prices (News (General))

by administrator @, Wednesday, July 08, 2009, 19:09

TWO-THIRDS of Australians believe the Federal Government's more generous first home owners grant is pushing up house prices, a new survey shows.

An online poll conducted by mortgage broker Loan Market Group found 35 per cent of those who said the grant had inflated prices believed it had only impacted on the lower end of the property market, while 31 per cent said it had not stopped them from buying real estate.

One in five of the 633 respondents in the poll, released today, said the boosted grant had no effect on prices and 13 per cent thought property values had actually fallen.

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