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AAP

Zac de Silva

Hope for buyers despite record low home affordability

Paul Schroder AustralianSuper

Surging house prices are making is difficult for many Australians to buy a home, a report shows. (Mick Tsikas/AAP PHOTOS)

Housing affordability has plunged to a 20-year low, but first-home buyers are still finding ways to get into the market.

Despite interest rates starting to come down, surging house prices have made it harder than ever for Australians to buy a home, according to a report from PropTrack and Commonwealth Bank released on Thursday.

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