The First Home Loan Deposit Scheme is meant to allow first home buyers to purchase a home with a 5% deposit, but 1,800 in the first round failed to find one.
Domain's rental report for the last quarter of 2020 indicates rents are at their lowest point since 2014, led by unit price falls in Sydney and Melbourne.
Australia might be tipped for a faster than expected economic recovery from the coronavirus, but that doesn’t mean everyone is going to have a good time. Many Australians who rent could be looking at a harsh new year.