The Wire

The recent decision to boost the first home owner scheme with up to $21,000 for first home owners is tempting people into the house market to boost the Australian housing sector and it’s related economies. The building sector is embracing the move however, what is meant to be stimulating business acivity and helping to address the severe housing shortage may in fact prove dangerous in the volatile environment of economic crisis and set up the market for a crash similar to that seen in America.