{"id":26114,"date":"2020-07-06T10:10:27","date_gmt":"2020-07-05T22:10:27","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26114"},"modified":"2020-07-06T10:10:27","modified_gmt":"2020-07-05T22:10:27","slug":"government-cash-splash-lures-homebuyers-amid-warnings-some-suburbs-could-plunge-in-price","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/government-cash-splash-lures-homebuyers-amid-warnings-some-suburbs-could-plunge-in-price\/","title":{"rendered":"Government cash splash lures homebuyers amid warnings some suburbs could plunge in price"},"content":{"rendered":"<p><strong>PHOTO: Marnie Williams and Honor Steinbeck just bought a block of land in the outer Perth suburb of Baldivis. <cite class=\"_3Jwd8 _20AiM _2v_Gr age8P _2Rt0o _27aqo\" data-component=\"Figure__cite\">(ABC News: Rhiannon Shine)<\/cite><\/strong><\/p>\n<p class=\"_1SzQc\">Marnie Williams and Honor Steinbeck had planned to start looking for a block of land sometime next year, until enticements too good to refuse rapidly accelerated their plans.<\/p>\n<section class=\"_2ybzm Es5LH _1LbdU _1bAUU q-cWK\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\">\n<h2 class=\"zT1nT _4Zpdk SelAj _1t9H3 _2-MxD lxkD- mSYxO age8P\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"_3Crv1\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">Government stimulus has led to a spike in land sales<\/li>\n<li class=\"\" data-component=\"ListItem\">But some are worried it risks house price slumps and negative equity<\/li>\n<li class=\"\" data-component=\"ListItem\">Perth house prices have plunged 12.3 per cent since 2015<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1SzQc\">The dangled carrots came in the form of $25,000 from the Federal Government and then another $20,000 from the West Australian government.<\/p>\n<p class=\"_1SzQc\">Suddenly, blocks of land in the couple&#8217;s desired estate in the semi-rural suburb of Baldivis, around 45 kilometres south of Perth, were being snapped up fast.<\/p>\n<p class=\"_1SzQc\">&#8220;When we saw everyone out there on the weekend, we thought we&#8217;d better get it now and not wait,&#8221; Ms Steinbeck said.<\/p>\n<p class=\"_1SzQc\">&#8220;I think we got the last one that is being built in the particular area we wanted,&#8221; Ms Williams said.<\/p>\n<figure id=\"12422122\" class=\"_3M2Ue _1LbdU _1bAUU _2RJ9c\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"dls-id-35736\" data-component=\"Figure\">\n<div class=\"oNO9S\" data-component=\"IntersectionObserver\">\n<div class=\"JaEq6\"><img decoding=\"async\" class=\"_1z778 lazyload\" data-src=\"https:\/\/www.abc.net.au\/cm\/rimage\/9099080-4x3-xlarge.jpg?v=2\" data-sizes=\"100vw\" alt=\"A house under construction with building materials in the foreground.\" data-component=\"Image\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/div>\n<\/div><figcaption id=\"dls-id-35736\" class=\"_3Jwd8 _20AiM _2v_Gr age8P _2Rt0o _1qYXN\" data-component=\"Figure__figcaption\"><em><strong>Both the federal and state governments have launched home building stimulus packages.<\/strong><\/em><cite class=\"_3Jwd8 _20AiM _2v_Gr age8P _2Rt0o _27aqo\" data-component=\"Figure__cite\"><em><strong>( ABC News: Graeme Powell)<\/strong><\/em><\/p>\n<p><\/cite>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2020-07-05\/could-government-building-stimulus-lower-perth-house-prices\/12420230\">ABC<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Cricketer Steve Smith and wife Dani buy $6.6m waterfront mansion\" href=\"https:\/\/propertynoise.co.nz\/au\/cricketer-steve-smith-and-wife-dani-buy-6-6m-waterfront-mansion\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar 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href=\"https:\/\/propertynoise.co.nz\/au\/government-cash-splash-lures-homebuyers-amid-warnings-some-suburbs-could-plunge-in-price\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":26115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478100659,478105441,478098566,478098542,478098519,478099570,478110343,478098535,478098522,478110342,478099787,478100658,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098921,478098509,478110344],"class_list":["entry","author-data123nz","post-26114","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-baldivis","tag-federal-government","tag-first-home-buyers","tag-home-loans","tag-home-ownership","tag-homebuyers","tag-honor-steinbeck","tag-house-prices","tag-interest-rates","tag-marnie-williams","tag-negative-equity","tag-perth-suburb","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-franchise","tag-real-estate-news","tag-west-australian-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government cash splash lures homebuyers amid warnings some suburbs could plunge in price - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/government-cash-splash-lures-homebuyers-amid-warnings-some-suburbs-could-plunge-in-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government cash splash lures homebuyers amid warnings some suburbs could plunge in price - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Marnie Williams and Honor Steinbeck just bought a blockRead More &rarr;\" \/>\n<meta property=\"og:url\" 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