
Falling House Prices Fail to Aid First Home Buyers
Despite an expected historical low in the housing market this year, falling house prices have not significantly helped first-home buyers like Grace, who still find the Australian dream out of reach.
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Despite an expected historical low in the housing market this year, falling house prices have not significantly helped first-home buyers like Grace, who still find the Australian dream out of reach.

Australia's property market is undergoing a transformation with cooling prices and less competition, yet data indicates that first-home buyers are not actively entering the market.

Treasurer Jim Chalmers introduced a bill to parliament, described as beneficial for workers, first home buyers, and future generations, as the Labor government moves to push through controversial tax reforms despite backlash.

Taxpayers and first home buyers are the winners in Labor’s 2026 budget, while rich families could be among the losers.

New data reveals that nearly 1,500 properties purchased through Australia's first home buyers' 5% deposit scheme have been converted into investments. The scheme has also been utilized by high-income borrowers, including one couple earning $674,000 annually.

Bosnia and Herzegovina has finally adopted regulations for VAT refunds on the purchase of a first property, allowing citizens to claim up to 25,000 KM. This decision marks the beginning of the law's implementation, despite ongoing disagreements on other issues.

Bosnia and Herzegovina is awaiting the implementation of regulations that will determine who qualifies for a VAT refund on the purchase of their first property, following the adoption of the relevant law in April 2025.

Home values in Sydney and Melbourne have flatlined while mid-sized capitals are posting bumper gains.

After over a year of anticipation, regulations governing the partial VAT refund for first-time home buyers in Bosnia and Herzegovina are set to come into effect on July 8, with an agent clarifying the basic conditions for eligibility.

A new report indicates that almost half of first-time home buyers experience regret after their purchase, highlighting a common emotional challenge in the property market.

Despite government claims that new housing tax reforms will assist first home buyers, some analysts and observers remain doubtful about their effectiveness in significantly improving home ownership rates.

Former MP Keith Wolahan suggests the Liberal party should become the 'party for first home buyers' and cap negative gearing to appeal to younger voters, arguing the party is failing to meet the needs of today's Australia.