Real Estate & Home

Government policy 'turbocharges' gridlock market leaving buyers and sellers frozen

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The Australian government's recent budget policies aimed at aiding first-home buyers have instead exacerbated a stagnant property market, causing both buyers and sellers to hesitate. This gridlock has led to rising rental prices as investors withdraw from the market without stimulating new construction or attracting first-time buyers. Developers need incentives and streamlined regulations to boost housing supply and address the shortage effectively.

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