Aussie John: First home buyers are “stuffed” (members)
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Aussie Home Loans founder, John Symonds, has declared would-be first time buyers are “stuffed” due to onerous deposit requirements that are preventing them from being able to take on jumbo-sized mortgages. From News.com.au:
“Certainly the great Aussie dream is becoming a distant memory, which is unfortunate because it goes right to the fabric of our society.”
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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.
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