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First home buyers face toughest housing market in history

Published 2 weeks, 5 days ago
Description

First-home buyers are facing the toughest housing market to date. 

That's according to a new Domain market report - raising new concerns around housing access and affordability.

The data shows entry-level prices nationally rose by almost 70 per cent over the last five years; with the time needed to save for a 20 per cent deposit for an entry-level house now sitting between five and seven years in most capital cities.

  • Guest: Peter Mares, independent researcher and author of No Place Like Home: Repairing Australia’s Housing Crisis, who writes about housing for Inside Story Magazine 
  • Producer: Grace Stranger
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