🏡 First Home Buyers Time Is Running Out | The Death Of The Great Australian Dream

#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 ‘short-lived’

https://www.news.com.au/finance/economy/australian-economy/first-homebuyer-affordability-best-on-record-but-likely-to-be-shortlived/news-story/fc418f1a12b8be301e7e7afff2a9b5ff

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