Hacker News Reader

Australia has the "First Home Buyer's Grant". It just serves to inflate the general price of houses though.

Yes, it's a pity that went south.

For readers not familiar with this mechanism in Australia, sellers just raised prices by the value of the grants.

And for people not familiar with economics, the pool of potential buyers all ended up with the same bonus and used that bonus to bid up the fixed pool of available housing stock.

Interesting. How long ago did that get introduced and is there any studies on impact on prices?

Reply on news.ycombinator.com