Many home buyers look for public transport links,but one data scientist and first home buyer hopeful created a heat map of Melbourne’s public transport travel times.
Home owners may be cursing the RBA board for its string of rate rises but what about wannabe first home buyers?
A growing majority of people believe the Australian dream is becoming unreachable as confidence in the housing market flatlined over the past year despite house prices falling.
I’m sure I’m not the only one lectured on the importance of purchasing a house. But the days of affordable property are long gone.
A new tree-change hotspot hundreds of kilometres from Sydney has recorded the strongest house price growth in the country,and prices in neighbouring suburbs are soaring too.
Rapidly rising rents are chewing into the savings of aspiring first home buyers,but making a beeline back to the family home can help build a deposit.
House prices have dropped,but buyers need more money for a deposit than they did before the pandemic property boom – and some have turned to an alternative way in.
Most home buyers’ budgets have been hampered after nine rate rises,but there is one group of buyers that have seen a boost to their spending power at auctions.
Property prices have fallen,yet potential first home buyers are cooling their heels,waiting for one particular signal that it’s time to take the plunge.
House prices have not fallen nearly enough to offset the hit from rising mortgage rates,and prices in some buyer hotspots are still higher than a year ago.
One first home buyer’s borrowing capacity fell from $1 million to $750,000. He hoped for a house,but now his options are an apartment - or a move interstate.