Property prices are falling, so where have Sydney’s first home buyers gone?

Property prices are falling, so where have Sydney’s first home buyers gone?

First home buyer activity has dropped to its lowest level in years despite falling property prices, as rising interest rates and a fear of overpaying push aspiring homeowners to the sidelines. Declining property prices sound like good news for first home buyers but are of little help when borrowing power is falling faster and prices are still well up on previous years, industry figures say. Predictions for sizable price falls have prompted some to put purchase plans on hold and …