Michael Matusik has come out against popular opinion and claimed that the FHOG has had little, if any impact on the ability to buy your own home.
While many property related bodies and developers have praised the boost to the First Home Owners Grant (FHOG), Matusik Property Insights has questioned whether the program actually works.
On the 14th October last year, the federal government increased the FHOG to $14,000 for established homes and $21,000 for new property. At present the ‘boost’ will conclude on the 30th June this year, after which, one assumes, the normal FHOG will apply.
In December last year first home buyers claimed a 26% market share, up from just 16% six months previously.
Read the full article via Matusik Speaks Out Against the FHOG.
