Pascometer burns red on first home buyers

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By Leith van Onselen

Weeoo, weeoo, weeoo. The Pascometer, Fairfax’s Michael Pascoe, has come out swinging today, arguing that the so-called demise in first home buyers (FHBs) is “rubbish”:

You know the story about first home buyers squeezed out of the market, forever beaten at auctions, sometimes spun with an undertone of foreigners robbing “our children” of their birthright? It’s rubbish…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.