Economic consultancy, LF Economics, has produced an interesting new report entitled “Parental Guidance Not Recommended”, which analyses long-term trends in housing and unit prices, interest rates, household incomes and mortgage costs to determine affordability in the Australian residential property market, via the LF Economics Affordability Index.
The report finds that new First Home Buyers (FHBs) face many challenges versus previous generations in not only accumulating a large deposit, but also paying down their jumbo-sized mortgages.
