Median property prices highlight affordability pressures
Darling Point is again at the top of the property-price leaderboard, but CoreLogic's analysis of median property prices reveals affordability pressures are growing in NSW and Victoria.
Malcolm Gunning's claim that young Australians aren't able to afford property because they won't 'forgo material possessions' has a provoked a strong response on The Real Estate Conversation web site, and across the media in general. We look at both sides of the debate.
“There are lots of young people who are complaining that it is too hard to buy in Sydney, however they won’t forgo their material possessions,” says Gunning Real Estate Principal Malcolm Gunning.
Queensland’s First Home Owners’ Grant and the various transfer duty concessions are two great ways that first home buyers can get their foot in the door and purchase their first home.