Rising housing costs lead to delays and compromises for prospective Australian homebuyers, report says

by

Rising property prices are causing potential Australian home buyers to delay and compromise: 62 percent of Australian buyers say their search for the right property is taking longer than expected.

The latest quarterly Mortgage Choice Home Loan Report has revealed the stark contrast between the expectations and reality of people seeking to purchase a home amid ongoing challenges caused by inflation and the cost of living crisis.

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