Tuesday, Dec 16, 2008
Interest rate cuts and firt time home buyer bribes aren't working in Australia
The Australian: Fears of debt push auction rate lower
INTEREST rate cuts and the increase to the first-home buyers grant appear to have failed to restore confidence to the property market with auction clearance rates dropping sharply over the month.
Posted by hubbers @ 04:53 PM (334 views) Add Comment
3 Comments
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1. paul said...
Just as Australia's government notices that throwing money to first time buyers is a failing strategy, the UK government embarks on a policy to do just that.
Self-government never looked so attractive as when there are monkeys at the steering wheel.
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