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Housing price downturn accelerates as 'perfect storm' hits market
(www.abc.net.au)
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Me too; and that’s as someone already paying off a mortgage.
I want a bright future for all of our kids, where they’ll be able to afford a home and raise happy families for their own.
While I don’t think the proposals in the budget go far enough to fully ensure such a future - it is already much better than doing nothing at all.
At least this way, the landlord-investor class will be funnelled into building new homes, increasing the overall pool available - and hopefully applying some downward pressure on price increases of existing homes.
Though I do foresee a surge in building demand causing a blow-out in labour and materials costs in the very short term while those industries ramp up to meet an increased demand.