First Home Buyers – We should hang our heads!

Lots of absolute toss is written about the first home buyer in Australia. First Home Owners 768x442

And the commentary varies in the extreme – from how active they are; to how lazy they seem and that they want everything on a silver platter.

And now the Federal government has unveiled their scheme to help up to 10,000 first home buyers on low and middle incomes enter the market each year from January 2020.


I have enclosed two charts and a table in this post that I reckon sums up the real state of play when it comes to buying your first home down under.
First Home Buyers - We should hang our heads!

First Home Buyers - We should hang our heads!


First Home Buyers - We should hang our heads!

These charts and table are something we shouldn’t be proud of.

property investment australia

In most places, today, more money is lent to investors than first home owners.

Western Australia and Northern Territory are the two current exceptions.

When I started in this business it was rare that investment loan totals exceeded that lent to first home buyers.

Something is wrong here if you ask me.

The FHOG and FHOB was great politics but poor house policy.

Ditto to the current proposed scheme.

They inflate prices, distort the building cycle and have helped reduce – dramatically – the proportion of first home buyers.

Many young adults are now stuck at home.

Burdens all round.

Those of us – with children in the 20s and 30s – should really hang our head in shame.

My bad too! First Home Buyers

For the most part, we will leave our children (and probably our grandchildren too) worse off, economically, than we are.

We are the first generation, in this country, to achieve such a feat.

Little wonder why they the younger generation are starting protest?

Big changes are coming.

Are you ready?

I will leave you with this Confucius truism.

The strength of a nation derives from the integrity of the home.

investment property australia 2020

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Michael Matusik


Michael is director of independent property advisory Matusik Property Insights. He is independent, perceptive and to the point; has helped over 550 new residential developments come to fruition and writes his insightful Matusik Missive

'First Home Buyers – We should hang our heads!' have 2 comments


    November 2, 2019 Ian Petrie

    Dear Michael,
    Thank you for your article on first home buyers.
    How others should feel guilt and shame seems to be a main theme in your article.
    Really? Why should People feel guilty and shamed because they’re living their lives from their own values and as best they can to survive and thrive.
    Results of Guilt and Shame are a result of an out of balance perception.
    There is a benefit and drawback to every event in this life, no matter what it is.
    Where does it say in Australian Law or Natural Law that every generation should be better off economically than the last generation as you say in your article.
    This is obviously a fairytale fantasy expectation, as is much of our one sided Hollywood expectations of life.
    One big reason for some recent generations being better off is because their lives were were effected by some severe hardships like world wars before the economic booms.
    Perhaps some of the current complaining generations need a good war to sort their perspectives out. Or how about a major economic disaster like a depression.
    How about as a general solution we could encourage more gratitude amongst others what we actually have in this country and environment.
    Personal responsibility is the way to go for anyone at anytime in this life on Earth.
    Accepting the what is and being real and grateful for everything as it is now that’s a worthwhile philosophy is’nt it?
    Consider the benefits of promoting Thanksgiving Day and life for that matter.
    We copy worldwide themes such as Halloween, Christmas and other historical things so how about Thanksgiving?
    Thank you for your time.


      Michael Yardney

      November 2, 2019 Michael Yardney

      Ian – I thought this article from Michael Matusik will cause a little stir:-)


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