It's a matter of when, not if, the Reserve Bank will take the knife to interest rates, but first home buyers may only see a fleeting, and possibly minuscule, improvement in affordability.
The Australia Institute was actually saying the increased demand in the last few years is less about population growth, as Ian Verender states in this article, and more about the drop in ‘persons per household’ phenomenon that happened during COVID.
The Australia Institute was actually saying the increased demand in the last few years is less about population growth, as Ian Verender states in this article, and more about the drop in ‘persons per household’ phenomenon that happened during COVID.