Do government incentives skew the market?
Grants and incentives are welcomed by first home buyers and others given the chance to dip into taxpayer coffers, but their consequences are not always as the government intended.
Australia’s first homeowners’ grant was announced in 2000, and many state and federal initiatives have followed with mixed results. (Image source: Shutterstock.com)
Over the years we’ve all heard about government incentives.
Whether they have been state or federal, tax relief or handouts, they’ve been numerous and not all of them have been as effective as intended. Some have had unintended consequences.
The very first incentive dates back to post-World War II, when returning servicemen and women were offered 45-year loan terms
to enable these first home owners to re-establish themselves. It’s hard to tell …
