realestate.com.au·3 min read·medium
home buyer loans surge as market participation collapses
A
Aidan Devine
✦AI Summary
New data shows that first-home buyer participation in the Australian property market has dropped significantly while debt levels for those who do enter the market have surged. Analysts suggest that government stimulus schemes have had mixed results and may be favoring higher-income buyers.
First-home buyer activity has plummeted in the past five years despite the government pouring billions into controversial buyer stimulus packages, while first-time buyer debt has exploded.
economypolitics
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