trends in Brisbane property

Useful Facts Without Opinions: First Home Buyers

Even the Australian Bureau of Statistics has problems getting the right data! They’ve recently revised their First Home Buyers numbers based on finance data and the graph below paints a clearer picture. The 2012 drop followed the State Newman Government’s first budget when the $7000 First Home Buyer Grant was canned. Those starting out still benefit from free stamp duty under $500,000 (and a $15,000 hand out if they buy new property only).

Graph courtesy The REIQ