John Symond, talks about the Australian first home owners grant has been very hot and its created a shortage of properties and in fact has pushed some props over their true value. In turn, this has kept investors out of their patch and until investors see that theyre not competing with first home buyers in areas where first home buyers unfortunately have been pushing prices up, and in some cases paying more for the property than theyre getting for the grant, well, investors have taken a low profile.
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