Are you a First Home Buyer in Australia trying to enter the Real Estate property market in Australia?

You see your ancestors who have purchase properties are "much cheaper prices" and wish you could turn back the clock to buy the properties at the prices they were able to enter the property market with.

Debt to income ratios is a measurement used by lenders in Australia to see how much your income is going to be taken up by liabilities post settlement taking place.

As time goes on - more of the household income is having to be placed to service current mortgages as interest rates increase rapidly between the 2022-2023 era as Reserve Bank of Australia increased the cash rates.

House price in Australia are rapidly increasing due to the supply chain issues. Ie. Not enough houses are being built to keep up with the demand of the growing population.

This video highlights the fact that new generation will potentially face pressures to enter the property market and "affordable prices" in the upcoming years.

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