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Rents are rising faster than wages. That’s making the path to buying harder – but not impossible.
Rental affordability is now at its lowest level since at least 2008, according to realestate.com.au.
That’s putting pressure on renters trying to save.
Why it feels harder
Many people are juggling rising rents, higher living costs, elevated property prices and rising interest rates.
It’s a tough combination.
That’s why many buyers are adjusting their approach, rather than waiting for perfect conditions.
That could mean buying a more affordable property, looking at different locations, exploring strategies like rentvesting or using government support schemes where eligible.
The shift that changes timelines
The biggest shift is moving from ‘just waiting’ to understanding what’s possible now.
Even if you’re not ready yet, knowing your borrowing capacity and options can change your timeline.
Reach out if you’d like me to help you map out a realistic path based on your income, savings and goals.
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