First Home Buyers
Sure, it’d be really great if the guvmint would buy us all a big yard glass full of beer when we turn 21. I’d like a beer now, come to mention it. Where’s Swanny when you need him?
In all seriousness, the government is not here to fund our lives. We’ve got people called employers to do that. That’s why yesterday’s slashing of the baby bonus from $5,400 to $5,000 is a step in the right direction.
Honestly, when did we get it in our heads that the government should turn up with a cheque at every major milestone in our lives? Having a baby? Have some taxpayer money! Buying your first house? Have some more! It’s middle class welfare gone mad.
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First home buyers have just cause to feel betrayed by the Rudd-Gillard government as they struggle under the strain of seven consecutive interest rate rises which have been exacerbated by loose fiscal policy.
A disturbing new survey by Mortgage Choice has found that 10 per cent of first home buyers, who purchased their homes in the past two years, have either sold their homes or are considering selling because of financial hardship, caused by interest rate hikes.
The survey also found that another 6 per cent would sell if interest rates climbed a further one per cent, while another 14 per cent would sell if they rose another 1.5 per cent.
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