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.
  • Deceptichum@quokk.auEnglish
    101·
    23 hours ago

    Right now, Australian housing is the most unaffordable in history.

    And it will never change, LibLab will ensure that.

    If you want a future, vote Greens or any of the leftist parties.

    • 𝙻𝚘𝚗𝚐𝙼𝚊𝚌𝚃𝚘𝚙𝚙𝚎𝚍𝚄𝚙English
      4·
      19 hours ago

      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.

  • Gorgritch_Umie_KillaOPEnglish
    5·
    24 hours ago

    The Australia Institute was actually saying the increased demand in the last few years is less about population growth, as Ian Verender states in this article, and more about the drop in ‘persons per household’ phenomenon that happened during COVID.