Aaron Francis
Prices for houses in the most affordable 25 per cent of the market have jumped over the past decade, Domain data shows, barelyPrices have risen from a median of $380,000 in March 2011 to $685,000 in December 2021, an extra $305,000 and a rise of 80.3 per cent. “I think strategically buyers are looking for something that far exceeds their current needs, so, if they’re planning for a family they do stretch themselves to afford a house,” she said., or Victoria’s shared equity scheme. Stamp duty exemptions are also on offer for properties under $600,000.
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