Great Australian Housing Squeeze: Is the Dream Over for First Home Buyers?
Published 2024-05-08
š What's Inside:
Explore a staggering 150% increase in the CoreLogic Home Value Index and why this matters to you.
Analyze the modest 82% rise in the Wage Price Index in the same period.
Unpack the data behind $4.9 billion in First Home Buyer Finance from February.
Debate the implications of a 4.8% month-on-month growth in First Home Buyer Finance.
Understand why a 29.2% share of Owner-Occupied Finance by first-time buyers isn't all good news.
Discuss strategies and insights for first-time buyers navigating this challenging landscape.
š” Key Discussions:
"Houses cost way more than they used to ā what does that mean for today's first-time buyers?"
"Are rising home prices outpacing your ability to save for a deposit?"
"How can policy changes and market trends affect your buying power?"
š Resources & Further Reading:
CoreLogic Report on First Home Buyer Numbers: www.corelogic.com.au/news-research/news/2024/changā¦
ANZ & CoreLogic Housing Affordability Report 2024: news.anz.com/content/dam/bluenotes/documents/ANZ%2ā¦
Property Growth Over 20 Years: propertyupdate.com.au/20-years-of-poor-property-grā¦
www.afr.com/property/residential/the-suburbs-whereā¦
www.domain.com.au/news/eleven-wild-real-estate-lisā¦ 277542/
00:00 Great Australian Housing Squeeze: Is the Dream Over for First Home Buyers?
00:23 First Home Buyer Numbers for 2024
03:27 ANZ & CoreLogic Housing Affordability Report 2024
06:27 Property Growth Over 20 Years
08:22 The suburbs where you can buy a unit for under $400,000
12:02 Eleven wild real estate listing photos from around the world
13:40 Conclusion
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All Comments (5)
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Great to see a video ! šš
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in Sydney there are suburbs called GHOST suburbs with beautiful new homes, several rooms but the suburb has absolutely no structure, they are far and no school, groceries or anything like that. Is that ever a good investment or those suburbs are doomed???
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No, but brokers will be absorbed forcibly by Banks because margins is declining and other players are coming in. Will be similar to real estate agents where sellers are using digital to manage their own. Its really interesting to watch the shifts underway. Certainly investors are about to be seriously strapped to a chair.
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You should be living in your car with a 24/7 gym for shower facilities and to charge your phone and wifi if they have it. Also don't be ashamed to ask your family for help. You're stronger together financially.
