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First-home buyers

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Prices are coming down in some brackets.

The type of property offering the deepest discounts right now

Even where homes are not necessarily affordable, there are some substantial price reductions on offer to potential buyers.

  • Elizabeth Redman

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Michael Tuohy

Moving from a Sydney unit to a house gets five times harder in a generation

With Sydney’s median house price almost double that of the typical unit in the city, the difference between the two property types has turned into a chasm.

  • Kristy Johnson
Policy that lowered house prices would be effective, but unpopular.

There’s an easy solution to housing affordability. But voters hate it

No one ever stopped John Howard in the street to complain about the value of their house going up. But are we at a tipping point?

  • Jim Malo
Home values are under pressure.

Surprising amount you could afford to spend on a house

For anyone watching homes in their area sell for millions, the budget considered achievable for an average household would be a big surprise.

  • Elizabeth Redman and Kristy Johnson
Home values have risen over the long term.

Where house prices are falling most, and why ‘it doesn’t really help’

Over the years, property values have had periods of large gains and then dips, much like the one the market is going through now.

  • Elizabeth Redman
House prices in towns such as Barwon Heads have had a double-digit price drop.

The Victorian coastal towns where house prices plunged 20 per cent

Beach houses in many popular spots have recorded double-digit price drops over the past couple of years, and buyers have their pick.

  • Kate Halfpenny
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Alexander Selway opted to buy property in Ocean Grove because it was more affordable than other beach towns.

Beach on a budget: Victorian coastal towns where homes cost under $1m

While the typical house in Sorrento costs more than $2 million, plenty of other coastal destinations offer beach lifestyle on a budget.

  • Alexandra Middleton
London-based Harrison Marshall, 30, has lived in a converted skip bin for the past two years.

Man lives in garbage bin to save money on housing

The 30-year-old has lived in a converted skip bin for two years. It’s a cost-saving measure and a statement about the housing crisis.

  • Orana Durney-Benson
A rare window of opportunity could open for home buyers thanks to new government incentives and a cooling market.

What are the chances of buying a first home in 2025?

Property prices are sky-high and cost-of-living pressures are mounting, but with planning and strategy, buyers might be in luck.

  • Sarah Webb
The pool at the enormous, mid-century style Mount Isa home.

Bargain properties you could have bought this year – starting at $20,000

An entry-level mansion, a designer cabin, a fire-damaged home on land, and a family-sized house were some of the bargains of 2024.

  • Emily Power

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