First-home buyers remain out in the cold, despite affordability improvements
The number of first-home buyers in Australia declined 11.2% over the March quarter, according to latest Adelaide Bank/REIA Housing Affordability Report.
Damian Percy, general manager of Adelaide Bank, says affordability won't improve while there is an unwillingness to "confront" voters who are "enjoying structural advantages that continue to keep a fire under house prices".
The improving affordability of real estate in many parts of Australia now creates more opportunities for astute property buyers to purchase prime real estate with the view to capitalising on capital growth moving forward.
