SINCE 1997

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Calculator with wooden house model on mat of Australian dollars
6 min read
Even by global standards, first-home buyers in Australia are being crunched.

First-home buyer wave turns into tsunami of affordability issues

A year ago, first home buyer activity was at a peak and riding a wave propelled by low mortgage rates and government incentives.

Fast forward 12 months and more stringent lending requirements, brutal house prices and investor pressure have diminished first home buyer activity.

January 2022 saw a d…