New national figures have reiterated what most already know: buying a home in Australia is more unaffordable than ever.
The report from research group Cotality found home prices have risen by almost 50% since 2020.
It’s therefore unsurprising that among aspiring homebuyers, 85% are unable to purchase a home without assistance from government or other sources. Both in Australia and elsewhere, this challenge has motivated policymakers to design new ways to finance home purchases by low-to-moderate income homebuyers, such as via shared equity.
