Who can afford their first home?
/Getting into the housing market may seem like a challenge, but first-time buyers have plenty of reasons to stay optimistic.
Getting into the housing market may seem like a challenge, but first-time buyers have plenty of reasons to stay optimistic.
Home prices have begun to fall in parts of Sydney following a dramatic rise in listings and a drop in demand as would-be buyers give up hope of an early rate cut.
Households will need to wait a little longer before interest rates come down, with recent inflation figures not quite low enough to convince the Reserve Bank to cut rates just yet.
Brisbane has hit a fresh record home price with experts tipping it could stay more expensive than Melbourne ‘forever’.
Despite already being the most expensive place to buy a home in Australia, Sydney continues to break new records, with its median home price up 6.39pc in the past year to $1.107m.
Read MorePristine beaches, buzzing cafes and a laid-back coastal lifestyle, a popular tourist hotspot attracting cashed-up city buyers could be on the cusp of a major revival.
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