Owning a home has always been part of the Australian dream, but for many, it’s becoming increasingly out of reach. Property prices have surged over the past decade, while wages have not kept pace. This has left many young Australians and families struggling to afford their first home, forcing them to either rent indefinitely or rely on government assistance.

✅ High Property Prices – House prices have outpaced wage growth, making deposits and repayments unaffordable.
✅ Rising Interest Rates – Higher mortgage rates increase the cost of borrowing, making repayments harder.
✅ Foreign Investment & Speculation – Investors, including foreign buyers, often outbid first-home buyers.
✅ Strict Loan Requirements – Banks require high deposits and strong financial histories, making approval difficult.
✅ Limited Land Availability & Development Costs – Red tape, zoning laws, and infrastructure delays slow new housing developments.