Some Home Prices Boom Higher; As Expected: But Words And Figures Differ…

Housing affordability is getting worse, home prices continued to trek higher in September, according to the latest data from Cotality. The recent 3 rate cuts have put a rocket on price movements, pumped by high migration demand, investor demand, and from first time buyers, demand there will be pumped further of course as the enhance Government scheme starts today promoting a headline in the AFR ‘Unprecedented demand’ on day one of first home buyer scheme. The Government is talking a big game in terms of housing affordability but words and figures differ, and even Reserve Bank of Australia governor Michele […]