It's a matter of when, not if, the Reserve Bank will take the knife to interest rates, but first home buyers may only see a fleeting, and possibly minuscule, improvement in affordability.
I reckon it would change when renters start to outnumber owners.
Which is part of the reason for first home buyers grants, stamp duty discounts etc, to funnel more people in to owning. The other being it is a great way to hand tax dollars to established real estate owners.
I reckon it would change when renters start to outnumber owners.
Which is part of the reason for first home buyers grants, stamp duty discounts etc, to funnel more people in to owning. The other being it is a great way to hand tax dollars to established real estate owners.