Many in the media are saying that the latest interest rate cut makes property more affordable for first home buyers. I disagree. Let us remember this is the lowest interest rate in over 30 years. Rates are artificially low to stimulate the economy short term. This is not normal or even an average. So it … Continue reading First Home Buyers: Don’t Rush In
Housing affordability is an urgent problem, even at crisis point if you read the continuous media coverage over the past year. And within the first couple of days of the current Australian Federal Election campaign the politicians had jumped on the bandwagon with policies for our housing affordability crisis. Interest groups have also been cramming … Continue reading Housing affordability an urgent problem, but who’s to blame?