Wow. Help for couples earning up to AUD 200k (€125k) and the maximum loan won’t even buy the median house. Talk about stoking the fire. Australia will surely regret letting everyone put their pensions in property. It’s effectively committed to blowing an eternal asset bubble.
The article goes to to lay out the retail sector issues.
Looks like the Aussies are stepping on the gas.
Interesting. We were told last summer by family that this was the time to buy. But all there was was a lull, a 10% decline wasn’t very atttactive. We are overseas and the prices have been live dynamite for years. Decision time coming up though.