McGrath Projects August Report
In this month’s edition, we discuss the inflationary effects of COVID-19 on property prices and the impact of lockdowns on the market. These effects, coupled with the more readily understood supply and demand price drivers and historically low cost of housing mortgage debt, has resulted in a very high minimum deposit level required to access housing.
We also take the opportunity to focus on what support is available to would-be first homeowners in NSW. We look at current packages available including the First Home Buyer Assistance Scheme and changes that will apply from August 1, along with Government grants and subsidies to help more Australians get on the property ladder sooner.