Without a secured income and employment it is hard to convince...

Without a secured income and employment it is hard to convince the bank to give you a loan.

The interest rate is down and possibly going down further.
This only helps the ones buying a second house for investment provided they have enough collateral and income to secure a loan.

The employment figures are not a clear picture of reality.
Because ,a number of people are only working part time ,lot of first home buyers are NOT permanently employed .

So how does the gov. expects them to buy a house ?
It is true that everyone needs a roof over head and, possibly rents would rise due to shortage of available rentals.
This would only drive some into caravans or into regional areas as unemployed renters.
If the employment situation does not improve i cannot see a big lift in price of real estate.
It is up to gov.to face the reality and stimulate employment

Another point is that the baby boomers with a SMSF are not free to buy and, rent a house to own relatives . Most are scared to invest and rent to strangers who may end up causing them more headaches than worth.

The government are walking around with eyes shut .
IMO ,There is lot that can be done to improve the current situation.