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Richard Wakelin

Look before you leap at first home buyer incentives

An expedient purchase prompted by fear of missing out on government sweeteners may fast-track property ownership now but act as an asset albatross in the years ahead.

Home affordability is again shaping up as a key election issue as both parties promise to help first home buyers into the property market.

It’s a tough proposition given home values across Australia surged 25 per cent to record highs in the two years to the end of February.

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Richard Wakelin is a founder of buyers' agent Wakelin Property Advisory.

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    Original URL: https://www.afr.com/wealth/personal-finance/look-before-you-leap-at-first-home-buyer-incentives-20220403-p5aaf1