Subject: ABS

Just a thought; Often wondered how the ABS calculate the growing number of first time buyers who purchase investment properties first. The ABS has apparently realized its unemployment rate figures have been a tad inaccurate. This is not the only statistical utterance from the ABS – it is also miscounting the number of first-home buyers in the property market. Now that most states no longer provide grants to FHB’s buying existing homes, the number of FHB’s is being grossly under-estimated – causing all kinds of concerns about an affordability crisis that doesn’t exist.


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