{"id":31043,"date":"2021-03-05T10:01:04","date_gmt":"2021-03-04T21:01:04","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31043"},"modified":"2021-03-05T10:01:04","modified_gmt":"2021-03-04T21:01:04","slug":"first-home-buyers-are-racing-to-buy-but-rising-prices-put-home-ownership-further-out-of-reach","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/first-home-buyers-are-racing-to-buy-but-rising-prices-put-home-ownership-further-out-of-reach\/","title":{"rendered":"First home buyers are racing to buy \u2014 but rising prices put home ownership &#8216;further out of reach&#8217;"},"content":{"rendered":"<p><strong>PHOTO: First home buyer Scott Ryan after winning his first property at auction.<\/strong><\/p>\n<p class=\"_1HzXw\"><a href=\"https:\/\/propertynoise.co.nz\/au\/?s=First+home+buyers&amp;submit=Search\">First home buyers<\/a> are helping prop up the property market during a pandemic \u2014 but a feedback loop is emerging where rising prices are simultaneously making it harder than ever for some to buy their first home.<\/p>\n<section class=\"vB11C _1tnlo _1w6Cw _1pc-9 _2EbnQ\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\" data-uri=\"coremedia:\/\/teaser\/13204876\">\n<h2 class=\"_3mduI _2gTdF _1deB8 jwLlj _1O6ck _1GKnS _2o9MN _1-RZJ\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"W8pqX\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">Home loans for first home buyers are at their highest level since 2009<\/li>\n<li class=\"\" data-component=\"ListItem\">Some first home buyers are taking advantage of low interest rates and government schemes<\/li>\n<li class=\"\" data-component=\"ListItem\">Prices are rising despite downturn predictions which makes it harder for lower income buyer<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1HzXw\">Despite initial predictions that property prices would dive,\u00a0the exact opposite is happening one year on from the emergence of COVID-19.<\/p>\n<p class=\"_1HzXw\">Analysts say this is happening due to a combination of record-low mortgage rates, a strong economic recovery, and buyer demand being strong against relatively low levels of stock.<\/p>\n<p class=\"_1HzXw\">Even sharp drops in inner-city high-rise apartments in Sydney and Melbourne appear to have stabilised.<\/p>\n<p class=\"_1HzXw\">Melbourne woman Alycia Gawthorne has been saving to buy a property since she got her first job at 15 years of age.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2021-03-02\/first-home-buyers-surge-prices-still-rising\/13204650\">ABC<\/a><\/p>\n<section id=\"top-posts-2\" class=\"widget widget_top-posts\">\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Inside Lady Gaga\u2019s houses and her $36.1 million real estate portfolio\" 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":31044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478114888,478098730,478098512,478098521,478098892,478108952,478098566,478099197,478114890,478098542,478098519,478098535,478098513,478101743,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478114889],"class_list":["entry","author-data123nz","post-31043","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-alycia-gawthorne","tag-auctions","tag-australia","tag-australians","tag-corelogic","tag-covid-19","tag-first-home-buyers","tag-first-home-deposit","tag-government-schemes","tag-home-loans","tag-home-ownership","tag-house-prices","tag-property","tag-property-correction","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-scott-ryan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>First home buyers are racing to buy \u2014 but rising prices put home ownership &#039;further out of reach&#039; - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/first-home-buyers-are-racing-to-buy-but-rising-prices-put-home-ownership-further-out-of-reach\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First home buyers are racing to buy \u2014 but rising prices put home ownership &#039;further out of reach&#039; - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: First home buyer Scott Ryan after winning his firstRead More &rarr;\" \/>\n<meta property=\"og:url\" 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