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Money from more than 50 offshore firms – totalling $18.5bn – is making its way to the Australian commercial property market, according to research from Cushman & Wakefield.
It’s going to take more than a change of government to boost economic confidence, according to mortgage broking franchise Aussie Home Loans, which points to a recent survey that shows 73% of Australians believe their finances will be ‘the same’ or ‘worse’ after the election – regardless of who wins.
At age 40, today’s young people will be purchasing their first properties later than any generation before them. 2013’s average first homebuyer is already an alarming 31 years old, a sizeable departure from the 1980s when most first time buyers were in their mid-20s.