First home buyers face higher hurdle to home ownership

Posted by Simon Dehne on February 16, 2016 in Latest News with No Comments

First Home BuyersFirst home buyers may think cooling house prices could provide an opportunity to crack into the property market this year, but the picture could be bleaker than before.

A typical house in Melbourne priced at $628,104 a year ago now costs $719,486, and Sydney’s median house price also soared $130,000 in 2015.

The general consensus is that house prices in the two capitals will grow moderately this year.

Read more.

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