How do you know if it's a good time to buy your first home? Professor Peter Swan and Dr Nalini Prasad suggest considering periods of reduced housing market prices and ensuring you have saved a sufficient deposit.
The ACT had the largest decline in the number of first home buyers, down 17.2 per cent, in Australia over the September quarter, despite housing affordability remaining stable here.
A staggering 90% of Australian prospective first home buyers, recorded being somewhat, very, or extremely stressed about purchasing their first property.
While owning a home remains beyond reach for millions of Australians, those first home buyers who manage to crack the market may increasingly be getting in over their heads.
