THE PROPERTY NERDS: This budget isn't helping why first home buyers are still stuck
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THE PROPERTY NERDS: This budget isn't helping why first home buyers are still stuck
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Despite the government's promise to help first home buyers, the latest budget could be creating more hurdles than opportunities for those trying to enter the property market.
On today's Property Nerds podcast, Arjun Paliwal from Investorkit and Jack Fouracre from Fouracre Financial break down three ways the government's approach is failing to deliver for first home buyers.
The pair look at the contradiction between efforts to slow property price growth and high-percentage loans of up to 95–98 per cent, saying the measures have done little to give buyers the confidence to act.
They also examine borrowing capacity, with tighter lending conditions pushing buyers towards the more affordable end of the market, where prices are holding up and investors are competing for the same properties.
Paliwal and Fouracre explain why boosting confidence and economic prosperity could do more for first home buyers than the current approach.