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First-home buyers

March

Co-owning a home with your children is one option for helping the next generation into property.

There is a third option for helping your kids buy a home

Parents considering helping their kids into the property market must weigh up the risks and problems of each method of assistance.

February

There are many tax incentives for residential property investment, but not so much for investment in innovative enterprises.

Which suburbs have become affordable after the rate cut?

A number of desirable suburbs that were previously unaffordable are now within reach for high-income and median-income earners, according to CoreLogic.

Both Labor and the Coalition are focused on building entry-level homes in emerging areas.

Major parties’ housing policies will trap young buyers in lemons

A glut of entry-level housing could deny first home buyers the sort capital gains that made their parents wealthy.

Demand for apartments in Perth is hotting up.

Home in ‘last affordable frontier’ goes for $760,000

Price growth may be slowing in this city, but some market niches are booming – precisely because other levels have priced buyers out.

December 2024

About 1 in every 10 loans is going to a first home buyer, Australia’s biggest banks have revealed.

What the average first home buyer looks like (according to the banks)

The country’s biggest lenders have offered a glimpse into their lending habits in the midst of a debate over whether to ease rules for younger borrowers.

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November 2024

Home ownership rates have fallen to historic lows, and individuals without access to the Bank of Mum and Dad are finding it increasingly difficult to get a mortgage.

Tweak lending rules to tilt the scales for first home buyers

Reforms to prudential regulation will be a solution for many Millennials and Gen Zs missing out on the Australian dream.

It’s an upgrader’s market with softer prices and more properties on offer.

Upgraders dominate the housing market as prices slow

People seeking bigger and better properties have edged out first home aspirants as the most active buyers for the first time this year, valuers say.

Affluent niche: sales of apartments targeting downsizers are booming.

The suburbs where apartment price growth is blitzing houses

Unit values are rising faster than houses in almost two out of three suburbs nationwide as housing affordability worsens.

High-income households locked out of half of the housing market

The latest data shows an income of $172,000 is only enough to buy half of the homes on offer in Australia. Four years ago, it would buy 80 per cent of the market.

The two-bedroom, ground-floor  apartment with no car parking at 2/1 Brookfield Court in Melbourne’s Hawthorn East sold by private treaty for $523,000.

TikTok video sells $523,000 unit, avoiding fees for official listing

A social media walk-through gave potential buyers a real feel for this apartment, without the gloss – or cost to vendor – of advertising on a property portal.

October 2024

Major banks have split on prudential policy settings.

Banking regulator rejects calls to cut home loan interest rate buffer

APRA chairman John Lonsdale has hit back at the Australian Banking Association at a parliamentary hearing on Friday.

CBA, Westpac split with other big banks and back borrowing rules

The country’s largest home lenders say that the current buffers, which make it more difficult for first home buyers to access loans, are a prudent safety net.

The lobby group for the banks says a lower serviceability buffer will allow first-time buyers to borrow more.

Calls to reduce 3pc home loan bank buffer test

The Australian Banking Association says more people will be able to access the property market if the prudential regulator is more flexible.

Mortgage brokers say NSW payroll tax claims will impact access to finance for first time buyers.

Mortgage brokers go to war with NSW over tax grab

Moves by the state to levy payroll tax on aggregators connecting mortgage brokers with lenders will force some of them to quit the industry.

Why nobody’s biting in these buyers’ markets

Buying conditions have dramatically improved, but buyers are shunning markets that are oversupplied with investor units from the last boom.

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September 2024

Something’s got to give: But quick-fix measures to boost housing construction will only push up prices, industry figures warn.

Why Australia’s home-building outlook just got worse

As the country struggles to increase production of new housing, the minister responsible says the federal government will play a more active role.

Why spring property is turning in favour of Sydney buyers

For the first time in years, house buyers have an edge. The fear or missing out has eased with prices moderating in Sydney and falling In Melbourne.

August 2024

The two-bedroom, one-bathroom apartment with car park at 12/20-24 The Parade in inner-western Sydney’s Russell Lea sold at auction for $1,063,000.

The $1m apartment downsizers wouldn’t touch

It had stairs – lots of stairs – faced south and needed a ton of work. But first home buyers fought hard for it.

The Sydney suburbs where rents are falling

Asking rents have fallen in Sydney, Melbourne, Brisbane and Perth. It’s not the end of the rental crisis but could mean the worst increases are over.

The two-bedroom, semidetached home on 158 square metres at 12 Redmond Street in inner-western Sydney’s Leichhardt sold by private treaty for $1.43 million.

Vendor goes for ‘bird in hand’ to sell terrace for $1.43m

In a market with two camps of buyers, those on the rebound are acting faster than those thinking the market might slow more.

Original URL: https://www.afr.com/topic/first-home-buyers-1mri