More than 50 suburbs across Perth are no longer affordable for the average working couple – including one in the City of Armadale.
The downsizer’s son bid on her behalf for the stylish one-bedroom home and embraced her as she broke down with joy after the hammer fell.
Nearly 100 suburbs that were affordable to home buyers in 2022 are no longer within reach. Here’s what slipped away,and where to look instead.
Rents have skyrocketed,and rent assistance is set to go up in response. Even so,it’s slim pickings.
We spoke to people about their thoughts and concerns ahead of,and immediately after,the budget. Here’s what they had to say.
The sell-off of ex-rental properties across Melbourne is benefiting first home buyers.
Tenants would have saved as much as $3000 over the 12 months to March,and proponents of a rent freeze say the cash would be life-changing.
Average workers are priced out,but many property buyers who are left in the market now have extraordinary wealth – often from family.
The auction winners had to be coaxed to dig deep in their pockets for the charming home,and it was enough to get them across the line.
There are more opportunities for buyers now than a few years ago in an end to the boom that had pushed prices to unaffordable levels.
A few years ago,buyers were snapping up properties sight unseen,but Melbourne’s market has since faced a string of hurdles.