An urgent plea has been issued to stop tens of thousands of Australian children and young adults falling into a life of homelessness, as new data reveals the extent of the housing crisis.
Housing pressures are even affecting those recently involved with the market, as an Infotrack survey revealed three-quarters of people who bought or sold in the last 12 months encountered challenges.
The biggest issues were price and finding a home, according to the company’s head of property Australia Lee Bailie.
Affordability impacted families with children the most, while couples aged 30-49 were the group most likely to purchase their home.
“Interestingly, only two-thirds of respondents cited interest rates as a major factor influencing their decision-making process,” Bailie said.
“Only 40 per cent of first home buyers said they were negatively affected by rates.”
