Are government grants pushing up property prices?
Property prices can be skewed by government grants and buyers should be wary of paying more than they save when using them.
Government grants can provide a helpful boost into the property market but if used without scrutiny can actually cost buyers more than they save. (Image source: Inked Pixels/Shutterstock.com and API Magazine)
Government schemes designed to help first-home buyers get into the property market often come with unintended consequences.
Incentives like the First Home Owner Grant or the Home Guarantee Scheme (or First Home Guarantee) can actually influence property values, sometimes creating a false sense of financial security for buyers.
The First Home Guarantee (FHG) is a federal government scheme that allows eligible first-home buyers to purchase a prop…
