The Australian Property Market Politics - Money and Investing with Andrew Baxter
In what is a hot potato property market with over-inflated prices and high barriers to entry. As we approach an election, we’re starting to see politics play a large part in our market. Here’s how the most recent property policies are affecting our market: Property is Expensive, Like Really Expensive It wouldn’t be an episode chatting about a property if we didn’t cover just how unaffordable it. And over-inflated property prices are right now. In what was covered in podcast episode number 26. And host Andrew Baxter makes mention of just how hard it is to get into the market. Now, we’re see over 64% of first homebuyers bankroll by Mum and Dad. To the average amount of a whopping $94,000 just to get them to start. And with interest rates so artificially low. Also, we’ve seen the property market propelled to extremely overvalued levels. In what is has all-encompassing growth across regional. And urban areas in Australia. Now, over two thirds of Aussies own their own prope...