Real Estate & Home

$300k trade-off: Qld first-home buyer loans plunge 20pc

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Queensland's first-home buyer loan applications have dropped by 20.8%, leading the national decline, despite federal tax reforms aimed at aiding young buyers in a cooling market. This trend highlights the impact of high interest rates and cost-of-living pressures on young borrowers' ability to take on new debt, emphasizing the trade-off between affordability and location convenience.

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