Skip to content
Subscriber Only

Australian Buyers’ Dreams Deferred as Housing Prices Rise

Alexandra Kerr said she and her husband Shaun Taylor made eight unsuccessful offers over 18 months in Brisbane’s rising market before finally buying their first home in April.

They’re borrowing 95 percent of the A$559,000 ($524,733) cost with a 5.05 percent adjustable-rate loan, she said. The high price the couple paid means they’ll have to postpone remodeling the kitchen in the 1940s three-bedroom detached home, which was marketed as a “renovator’s delight.”