aussie john: negative gearing’s killing fhbs

Interesting thread to follow on macrobusiness.

Should get the comments flowing freely.

The number of first home buyers going through Aussie Home Loans for finance has dropped by 50 to 60 per cent in the past four years.

“They’re walking away from what used to be the great Australian dream,” he said. “But with interest rates at their lowest point in history, and house prices only just coming off the bottom, if first home buyers can’t afford property now, they never will,” he said. “I’m very pessimistic on the outlook for them.”

http://www.macrobusiness.com.au/2014/01/aussie-john-negative-gearings-killing-fhbs/