Despite government assurances that housing affordability was a priority, the market has been left to its own devices. New data shows it’s the most affordable properties with the biggest price hikes in many cities.
Entry-level property prices are rising faster than other markets in some of our largest cities, pushing the Great Australian Dream of home ownership further out of reach for first-home buyers.
The top end of town led the price rebound as cities emerged from coronavirus restrictions, but it’s the cheapest homes now driving the market recovery – and in some capitals, entry-level prices are hitting new peaks.