And that's despite Prime Property Minister Albo throwing chum in the water trying to get people into hock for his bankster mates with a 5% deposit. Who can afford to buy? Insto's and fat landlords can't make up the difference for the loss of genuine home buyers all priced out of the market. And the higher rents go, the less people can save to get on the property ladder.
And ramming in 450,000 warm bodies every year isn't going to help much either. They're starting from behind the 8 ball with mediocre jobs and a lot of startup costs just to stay afloat. Good for increasing rents, I suppose.
CBA Price at posting:
$166.05 Sentiment: Sell Disclosure: Not Held
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