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While the federal government's deposit scheme has helped some first home buyers get into the property market, the time it takes to save a deposit has still blown out for others as the cost of entry-level properties su...
While the federal government's deposit scheme has helped some first home buyers get into the property market, the time it takes to save a deposit has still blown out for others as the cost of entry-level properties surges, a new report shows.
First home buyers are now facing a "dual affordability constraint", the report states, meaning deposits are taking longer to accumulate and repayments remain at near unaffordable levels for some once they've bought a property.
The time required for a couple to save a 20 per cent deposit now ranges from two years and seven months for an entry-priced unit in Darwin to seven years and seven months for an entry-priced house in Sydney, according to Domain's latest study released on Thursday morning.
DepositPropertySevenBuyersEntry-Priced
While the federal government's deposit scheme has helped some first home buyers get into the property market, the time it takes to save a deposit has still blown out for others as the cost of entry-level properties surges, a new report shows.
First home buyers are now facing a "dual affordability constraint", the report states, meaning deposits are taking longer to accumulate and repayments remain at near unaffordable levels for some once they've bought a property.
The time required for a couple to save a 20 per cent deposit now ranges from two years and seven months for an entry-priced unit in Darwin to seven years and seven months for an entry-priced house in Sydney, according to Domain's latest study released on Thursday morning.
Fire crews and water-bombing helicopters are responding to a fast-moving bushfire near Oak Valley, north of Townsville, as residents in nearby areas are...
A man has died after being hit by a car on the Midland Highway near Magpie, south of Ballarat. Police are investigating the circumstances of the collisi...
Queensland Police established an emergency exclusion zone in Kallangur, north of Brisbane, after receiving reports of an armed person inside a residence...
Captain Smit Machchhar is recovering after allegedly being attacked by his co-pilot aboard a Flydubai flight bound for Israel. His longtime friend has d...
Captain Smit Machchhar is recovering after allegedly being attacked by his co-pilot aboard a Flydubai flight bound for Israel. His longtime friend has d...
The Queensland Government has rejected a petition calling for stop signs across the state to be replaced with give-way signs. The petition, signed by 39...
Three men have been charged following an investigation into the alleged theft of 34 firearms, ammunition and jewellery from a property in Kanahooka, sou...
A man has died after his car struck a tree at Carrs Creek, north of Grafton, in New South Wales. Police have established a crime scene and are investiga...
Northern Territory Police say a 40-year-old man allegedly assaulted four people with a crutch in Alice Springs, leaving two people requiring hospital tr...
A 33-year-old man has been charged with six offences following a police pursuit and arrest on the NSW Central Coast. Police say the incident began with...
Fire crews and water-bombing helicopters are responding to a fast-moving bushfire near Oak Valley, north of Townsville, as residents in nearby areas are...
Bathurst bellringers are preparing to gather to celebrate a historic tradition dating back to 17th-century England, bringing together a community dedica...
