Call to create first homebuyer zones in Aus

News.com.au - 20/04
A prominent Australian property expert has called for the creation of new housing “lots” to help struggling first home buyers make it onto the property ladder.

A prominent Australian property expert has called for the creation of new housing “lots” to help struggling first home buyers make it onto the property ladder.

It is an incredibly difficult time for young Australians to buy. The cash rate is currently sitting at 4.10 per cent, after previously being held at 4.35 per cent for over a year following a brutal, prolonged period of rate rises.

Property prices have ballooned to more than 10 times the average wage, and median weekly rent is now more than $600 nationally.

While there are grants available to help eligible first home buyers, it seems that t...
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