Property prices are skyrocketing in Australia, and there has been a whopping 20% increase in the rental population. In the years to come, housing prices are set to rise, and it seems that the housing market is going out of control. The reason for this began in the early 1940s after the Second World War. Back then, the Australian politicians got together to solve the problem of lack of housing.
They spent a chunk of the economy building houses for their citizen, which costed people about three times the average salary. Then, in the 2000s, the housing prices hit a 150% increase, and places like Melbourne and Sydney became one of the most expensive places in the world to buy a house.
Know more: https://buyershub.com.au/first-home-loan-deposit-scheme/