Even an entry-level Brisbane house has doubled in price over the past five years,and loan repayments are tipping many owners into mortgage stress.
Young people who lower their expectations to an unassuming home in their second-choice location still could not comfortably afford the loan repayments.
The average age of first home buyers has increased rapidly,adding to concerns that more people will be locked out of the housing market.
A house with a backyard or an apartment within walking distance to everything? Buyers are defying expectations.
Household finances are under pressure,consumers have been downbeat,and the key hurdle to achieve home ownership has worsened.
Property managers are routinely checking if tenants have complained about their landlord or real estate agent on social media.
I just got outbid on the seventh apartment I’ve tried to buy in Sydney,and with every property I miss out on,my standards drop.
Lending to property investors has reached a six-year high as a share of total home lending,far outpacing the share that goes to first home buyers.
It’s the cheapest ground floor unit on the water available in the exclusive suburb,and the buyer had already picked it out before it was for sale.
The slowdown in spending by Australian households is gaining speed,according to the latest figures released by the Australian Bureau of Statistics.
Any parent would want to make sure their children can buy a home,but the scale of wealth transfer last year surprised even our best economic minds.