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Australia's recent housing boom and associated higher property values has engendered a scenario whereby buyers need to borrow more to purchase properties. First home buyers are particularly disadvantaged in this market as they are competing against property investors who can take advantage of generous tax concessions. The purpose of this article is to compare the value of the tax advantages available to property investors against the Federal Government's first home buyers' grant and variousdoi:10.4225/03/57d76e313b839 fatcat:vyse7lj5vjdxbanwxfowo5imty