Yet the market is still seeing strong results. A four-bedroom Melbourne home with a pool and tennis court sold for $7,650,00 last week through Abercromby's Real Estate Armadale.
Federal Budget initiatives go some way towards helping first-homebuyers, but a coordinated approach is key to making a real impact, says CoreLogic CEO Lisa Claes.
The 20% deposit and stamp duty required to buy a house in Sydney is $158,933, based on new CoreLogic data. That's equivalent to 20 years' worth of smashed avo.