Fiscal Meltdown

[Matabele]

Friends of our "purchased" their first home a few years ago when the first home grant was $14k.  The house cost them $10k and they had $4k change for renovations and improvements!

 

[Dan]

what was it, an out house

 

[Matabele]

3 bedroom house in Broken Hill.  Last year BH had the highest capital gains in NSW of >50%, admittedly off a very low base!

 

[ManlyBacker]

Now they can upgrade and buy my letterbox

 

[Dan]

3 bedroom house in Broken Hill.  Last year BH had the highest capital gains in NSW of >50%, admittedly off a very low base!

lol

on a $10K house they made $5k but then they would have spent more on fuel groceries etc!

 

[Canteen Worker]

Your the one telling the story Matas.

For a spelling Nazi your standards are slipping??? Call in 'Apostrophe Man!!"

 

[Fro]

It was late CW P.S. Your DVD should turn up shortly.

Matas wasn't the 14k FHOG back in the day for building, much like the 21k these days and the 14 for existing dwellings?

I don't know for sure, I only got the 7 a couple of years back.

 

[Matabele]

No Howard was offering the $14k bribe for a while I think, then scaled it back.

 

[Fro]

sweet, I wasnt looking back in the late 90's so wasnt sure

 

[Matabele]

Gordon Estate's houses are going for $70k or so for 3/4 bedroom brick.  The only problem is the owner/occupier clause on purchase!  It'll probably end up being similar in Kelso. 

 

[Fro]

Parts of Kelso are already that bad.

But its a big suburb.