Why the housing market is on fire

So, we’re in the middle of a pandemic and the property market is on fire. Median property prices have risen considerably in all the four capitals on the East coast of Australia over the past three months
Spiralling Property Prices Force Buyers to Borrow More

As house prices spiral across the country, would-be homeowners are forced to make a plan. According to CoreLogic data, in February house prices rose at rates beyond anything we’ve seen in 17 years. Only Darwin and Perth have avoided these vast increases in price.
Homeownership in Sydney – Upsizing or downsize?

Homeownership in Australia is changing. ABS data shows that homeownership reached its peak at 71.4% in 1966. This was up from 53.4% in 1947. In recent years homeownership has been on a slow decline reaching 67.1% in 2016.