#RealEstate #Property #HeiseSays
The media is encouraging first home buyers to rush into the market and buy homes because time is running out. Let’s look at the cost of servicing a median home in various cities in Australia and see if it would even be feasible for Australians on an average income.
References
First homebuyer affordability best on record but likely to be βshort-livedβ
https://aip.asn.au/wp-content/uploads/2019/12/Housing_Affordability_Index_September_2019.pdf
https://www.corelogic.com.au/news/corelogic-november-home-value-indices
https://www.ahuri.edu.au/research/ahuri-briefs/3040-indicator