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news 26th May 2023 in news
news 26th May 2023 in news

COVID-19 fallout continues to affect housing markets

“Australia will be dealing with the impact of COVID-19 on its housing markets for some time as increased construction costs and a reduced appetite for risk impede new housing supply,” says Professor Steven Rowley, lead author of new research released today. 

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In the Media 20th May 2023 in In the Media
In the Media 20th May 2023 in In the Media

Shared equity schemes already operate across most states. This article in The Age asserts that the federal government is due to introduce its own version, and references research, which has shown that shared equity – where an investor (usually a government) helps buy a property in exchange for a share of its capital growth – would offer opportunities to first-time owners. 

In the Media 19th May 2023 in In the Media
In the Media 19th May 2023 in In the Media

This article in the Australian Financial Review suggests that hundreds of thousands of borrowers would be freed from mortgage prison if banks were no longer required to conduct serviceability tests on refinancing applications, with new research revealing the assessments are also locking first home buyers out of the market.

In the Media 18th May 2023 in In the Media
In the Media 18th May 2023 in In the Media

As Australians have been slugged with 11 rate hikes since May last year, many are hoping for them to be slashed, but it would spell bad news for some. This article in the Herald Sun quotes research, which has shown it was actually lower interest rates which made property unaffordable for those trying to enter the property market. 

news 18th May 2023 in news
news 18th May 2023 in news

Falling interest rates locked first home buyers out of the market

The study, ‘Financing first home ownership: modelling policy impacts at market and individual levels’, undertaken for by researchers from Curtin University, University of Sydney and RMIT University, modelled the relationships between different housing finance conditions and people’s ability to buy their first home.

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