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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