Will falling prices help a generation locked out of the property market?
Young buyers aspiring to purchase their first property have arguably never had it tougher, as new data shows, but many are pondering whether falling property prices now offer an opportunity to enter the real estate market.
The challenge faced by Millennials trying to enter the property market is greater than that which confronted earlier generations. (Image source: Shutterstock.com)
For first-home buyers locked out of the property market in far greater numbers than earlier generations, the possibility of property prices falling significantly is an enticing prospect.
Young buyers today are faced with property prices that soared during the Covid years when many of them were forced out of employment, lost work hours or saw their savings depreciate against rampant inflation
.Data released Thursday (20 October) by the Australia…
