Property ladder moving further out of reach for first home buyers
New analysis from one of the big banks suggests supply shortages and fierce competition are making the journey into home ownership longer and more difficult for many Australians.
Limited housing supply and rising prices are making it harder for first home buyers to gain a foothold on the property ladder. (Image source: Lightspring/Shutterstock.com)
First home buyers are being squeezed out of Australia’s housing market as supply shortages intensify, raising fresh questions about whether current policies are helping or hindering aspiring homeowners.
New research from Westpac’s latest Home Ownership Report paints a challenging picture for those attempting to enter the market, with limited housing stock and fierce competition emerging as the biggest barriers to ownership.
Nearly one in four p…
