Archive | July, 2009

Gold Coast and Sydney prestige homes lose their gloss as home buyers find big mortgage finance hard to come by

For the last ten years any home with a view, a chink of water, a canal block or night city lights gained in value faster than the average home.

Will cheap homes go lower after the first home owners grant extension lapses?

Whist first home buyers loans increased by $20,000 in this period, it was a case of many buying a better property, or bulding a bigger new home, not prices increasing as has been suggested.