Bring on the property crash’

  • PRICED out of the market and beaten down by investors, many hopeful first homebuyers are saying, “Bring on the property crash,” — or a whole generation will never be able to afford a house.

On the eve of the Federal Budget, young hopefuls trying to get into the market toldFour Corners they are banking on a crash in a desperate bid to get into the market.

Jules McKendry and her partner have a $150,000 deposit, but for the past year have bid and lost on many properties around Melbourne, where their competition isn’t other homebuyers — it’s investors.

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Crash!

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