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With the exceptional growth in the property market over the last year, more and more buyers are finding themselves squeezed out as housing affordability in Australia increasingly becomes an issue. But what are the cause of soaring house prices? And what are the solutions?
Our experts will explain the state of the Australian housing market, what has caused increases in housing prices and how it compares to wage growth.
Note: Information correct as of January 2022, so doesn't reflect recent interest rate changes.
0:23 Australia’s $9.2T housing market
1:07 What affects house prices
3:29 How does a mortgage work
3:47 Impact of interest rates on borrowing power
6:09 Australia’s median house price growth over 12 months
7:10 Challenges getting into the property market
8:13 5% Deposit Home Guarantee Schemes
8:50 Government’s role in housing affordability
10:52 Increasing housing supply with new builds
12:08 Modular and pre-fabricated container homes
12:56 Tips for first home buyers
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