September 23, 2024

The Sydney property market continues to present daunting challenges for first-time buyers, with many feeling the weight of soaring prices. According to Sally Tindall, Canstar’s data insights director, the situation is becoming increasingly difficult for those without existing equity. “For many, the dream of homeownership seems to drift further away,” she noted. Tindall emphasizes that without substantial equity, securing a premium property in sought-after suburbs with a mere 20% deposit is becoming improbable. “Only those who have benefited from previous property gains can realistically consider living in areas like the eastern suburbs,” she explained. As buyers seek ways to enhance