Monday, June 21, 2010

Blogging barrister out of touch

Notoriously inaccurate Crikey blogger Jeremy Sear gets it wrong in a post ironically titled How out of touch can you be?

You might have noticed some talk around the place about a “housing affordability crisis” affecting the country: the fact that house prices in the major cities have rocketed up over the past decade to the point where first home buyers are now pretty much unable to afford a home, and are increasingly stuck renting indefinitely.

The reaity:

First-home buyers leapt to the highest level on record during last year [2009], with 191,000 Australians taking their first step on the property ladder.

With the termination of the first-home buyers grant the number of first-home buyers has declined but firm numbers are not currently available.


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