FHOG is Subprime-like

Karl FitzgeraldCommentary1 Comment

Commonwealth bank CEO Ralph Norris made some sensible comments about the first home owners grant, note particularly the second paragraph on the FHOG enabling the same risky lending as the sub prime lending practices in the US. “The first home buyers grant has provided a stimulus to this point, but we have to be careful that this doesn’t become a … Read More