Good news on the horizon for first-home buyers
Australians hoping to buy their first home may finally be able to enter the housing market.
Australian property prices have declined for a fifth consecutive month with Sydney’s prices falling over 3% in the same period.
If the trend continues, it may give some first-home buyers the chance they need.
Craig Laundy, Small and Family Business Minister, tells Ben Fordham it’s been a long road to get to this point.
“We had to come up with a sensible, implementable approach.
“The last piece…is foreign investment in the housing market. The changes brought in by this government [in 2016], really clamping down on purchases of existing properites have also made a big difference.”
Mr Laundy also commented on the Prime Minister Malcolm Turnbull’s focus on tax relief for middle-income earners.
Click PLAY below for the full interview