Housing costs are a big problem for young people. Home ownership is falling fast in Australia, especially among the young and poor. Fewer than half of 25-34 year olds own their home today. Home ownership among the poorest 20% of that age group has fallen from 63% in 1981 to 23% today. At this rate almost half of retirees will be renters in 40 years time.Read More
We get a steady flow of questions from those who read our research, or follow our posts, but one question, more than any other we get asked is – Should I Buy Property Now? Many cite the real estate industry claims that now is a great time to buy – but is it really?Read More
A senior economist has called for state governments to remove “inefficient” stamp duty taxes in order to ease housing affordability issues.
Housing Industry Association (HIA) senior economist Geordan Murray believes that state governments should remove stamp duty, adding that first home buyers would benefit most from the move.Read More
The current housing price boom is leaving behind a generation of aspiring first home buyers, most of whom fall under that ubiquitous tag "Gen Y" (as if that whole generation is in identical circumstances anyway!). They may not realise it but this generation of aspiring investors is on the threshold of redefining the Australian relationship with real property.Read More
Over the past 5 years in particular there has been a strong shift in the proportion of property buyers who are first home buyers – down from its historical levels of around 18% of the total market to only 13.2% in the September quarter of 2016.Read More