One property analyst expects the state governments to launch further housing stimulus packages in a bid to attract more potential buyers onto the property ladder.
Speaking to Smart Property Investment's sister magazine, The Adviser, RP Data’s chief executive, Graham Mirabito, said the various state governments would spend 2013 reviewing the success of their respective stimulus packages and then launch a new round of buyer incentives.
“2013 will be spent reviewing what worked and what didn’t. The government will want to know what was successful and paid dividends and what didn’t. Once they work that out, we will start to see new stimulus packages being launched,” Mr Mirabito said.
“It really is not a case of if, but when. We know they will need to inject further buyer incentives down the track in order to keep the housing market alive. What we don’t know is what those stimulus packages will look like.”
If and when the government does inject a new round of housing stimulus packages into the market, it will no doubt make several companies and groups very happy – including the Housing Industry Association of Australia and the Master Builders Association, both of which have been calling for greater government incentives for some time.