Affordability crisis hitting first home buyers hardest
Property prices have soared but first home buyers can borrow far less than they could a couple of years ago, creating a hugely challenging environment for those trying to get on the first rung of the property ladder.
First home buyers can borrow 30 per cent less than they could just two years ago. (Image source: Shutterstock.com)
Property investors have shown that they are overcoming the reticence of the past year or two but first home buyers are continuing to struggle.
A rise in the value of home loans nationally has coincided with, and to some degree masked, a disturbing decline in first home buyer activity.
Fuelled almost entirely by Queensland, investor loans
are up 34.2 per cent since August 2023.Despite an overall 1.0 per cent increase in the total value of new …
