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The Guardian - AU
The Guardian - AU
Comment
Ken Haley

It’s just as hard at 70 to buy your first home in Australia

For sale sign
‘A broker who knew my circumstances ruefully informed me within 24 hours that I stood little chance of being offered a mortgage.’ Photograph: Russell Freeman/AAP

It’s a trope of our times that becoming a first-home owner has never been more difficult and, while there are tens of thousands of twentysomethings who can identify with that fact, it’s frankly no easier to buy your first home when you’re zooming in on 70.

Nearly eight months ago, as I explained in November, a new estate agent took over the management of the inner-urban Melbourne apartment where I’ve lived since 2015. Immediately the agent’s sales honcho started pressing for site entrance to perform a valuation, even as he assured me the owners had no intention of selling.

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