Australia’s property price boom is forcing people to wait longer to get into the housing market, and the number of people waiting until their 40s and 50s, often only helped along by an inheritance, is rising.
The number of first home buyers aged between 40 and 49 increased by 63 per cent between 2015 and 2021, according to data from the government-backed South Australian lender, HomeStart Finance.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
