22 Sep 2021
Australian Residential Property: Prices
- Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner
Question, which buyer segment has driven Australian residential property prices over the past 12 months?
Click for chart.
Owner occupiers are going nowhere while first home buyers are not borrowing to purchase.
Employment uncertainty due to COVID-19 pandemic together with existing high property prices which just keep increasing are the likely factors causing First home buyers to delay buying their first property.
For Australia to grow and maintain a prosperous middle class, the Federal Government needs to find a way to ensure housing affordability for the next generation of Australians which means taxation reform.
If not changed, the current tax regime can only result in inequality and further shrinkage of the middle class which is bad news for all Australians.
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