Quarterly property update
After a sizzling hot start to 2021, when rising home prices were clocked at their fastest pace in 32 years, the Australian residential property market is heading into winter still on the boil.
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After a sizzling hot start to 2021, when rising home prices were clocked at their fastest pace in 32 years, the Australian residential property market is heading into winter still on the boil.
There was some good news for first home buyers in the recent Federal Budget. It included a variety of new schemes and extensions to existing schemes, all aimed at helping more people realise their dream of home ownership.
$2.2 trillion. That’s how much Australian households owe right now, according to the latest ABS stats. Household liabilities grew by $1.2 billion in the last quarter alone. Real household debt per person has risen steadily by around 2 per cent per year, and now sits at around $79,000 per person.
It’s now been a few days since the federal budget was handed down and there were a few incentives for first home buyers and over 60’s. In the latest episode of the Great Australian Dream podcast we’ll dig deeper than just the headlines with Property and Mortgage expert Jane Slack-Smith.