Price is right but not for an 'untouchable'

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/64306

Title: Price is right but not for an 'untouchable'
Author(s): Tumarkin, Maria
Abstract: As a single parent with one income and two kids, I was convinced that I would be renting till I was 80, but then came a miracle unlike any other. A global financial tsunami struck, clearing streets and markets of the usual AB demographic and allowing C-graders such as myself our 15 minutes in the property market. All of a sudden, the tightly shut gates of property transactions opened wide and the media across the country reported that first-home buyers were "storming into the property market", spurred by historically low interest rates, slumping house prices, generous government grants and outrageous rent increases. Make no mistake, we are talking about a one-in-100 year event, a unique combination of favourable factors, and that's according to the Mortgage Finance Association of Australia chief executive, Phil Naylor. Could it be, I wondered, that now was my best chance to sneak into the market under the cover of the global financial crisis?
Publication type: Newspaper article
Source: The Age, 05 April 2009
Publication year: 2009
Keyword(s): Australia; Global financial crisis; Housing affordability; Housing prices; Property market; Single parent families
Publisher: Fairfax
Publisher URL: http://www.theage.com.au/opinion/price-is-right-but-not-for-an-untouchable-20090404-9si9.html