‘Are they going to fall enough?’ The renters waiting for the house price downturn to change their fortunes

theguardian.com

As property values fall across Australia, would-be home buyers share hope and scepticism that the soft market might be their big chance Australian renters had little reason for hope until a prolonged property price slump began offering something rare: a chance to escape. When prices first began to ease in March, 26-year-old Canberra student George Lucas was sceptical. “They were talking about it falling and then it didn’t fall that much,” Lucas said. “That was the moment I was like, ‘oh, it’s all a bit ruined’.” Sign up for a weekly email featuring our best reads Continue reading...