recorded during the first homebuyer frenzy, driven by the Rudd government grants.
Both the above graphs show a recipe for a potentially unprecedented boom in the short term, but in the longer term they show what happens when the rocket fuel begins to run out. As a result many are rethinking buying a home, with some choosing to stop looking, at least for the time being. First home buyers and owner occupiers have provided the fuel to create the conditions for rapidly rising prices. But just like a rocket launch eventually that first stage will run out of gas, in this case as first home buyers are priced out of the market.
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Source: newscomauHQ - 🏆 9. / 77 Read more »
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Source: newscomauHQ - 🏆 9. / 77 Read more »