To some prices might appear fair value on a longer term basis To others values might seem irrational and difficult to gain a entry point NSW median 1.4m VIC 1m median The answer for lower prices is always spruiked for more supply however there are challenges in the current enviroment on both the build and pressures placed on infrastructure and services required that hence follow The budget attempted to provide some incentives for downsizers however more may need to be done so fhb are placed on level terms rather than the odds stacked against them. Its never been easy to buy your first home, but now we might be heading towards structural tax reform at some point rather than waiting for interest rate to rise
