Real Estate Investment:Today

Here’s one of the reasons we have a rental crisis

Why does Australia continue to have a rental crisis?

Of course, accelerating dwelling prices have made buying a home expensive, and now with rising interest rates, prohibitive.

Despite what government incentives have to offer, first time home buyers’ will decline further over the coming years.

This is evident in the table below which shows fewer first time home buyers in the mix.

Many buyers, including first-timers, brought their buying decisions forward over the past 12 to 18 months.

It is not until we see immigration rise – and then only after a few years of high overseas migration – will first home buyers rise up the pecking order.

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