Housing Crisis Hits First Home Buyers, Renters, and Key Workers Hard

Australia’s ongoing housing crisis is creating significant challenges for first home buyers, young families, renters, and key workers. Soaring median dwelling values and high house prices are making it increasingly difficult for many to enter the property market. Supply chain delays and skilled worker shortages further exacerbate the issue, hindering housing availability.

Aspiring first home buyers face substantial barriers, including the need to save for large deposits and manage financial commitments. However, affordable suburbs like Thomastown, Morayfield, and Mandurah offer potential options for those looking to buy their first home.

Government assistance programs, such as the First Home Loan Deposit Scheme, aim to support first-time buyers in navigating the challenging market. Despite these efforts, the road to homeownership remains steep for many Australians amidst the current housing crisis.


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Article Title: Generational housing crisis more than just a newspaper headline
Retrieved from apimagazine.com.au

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