Sydney Morning Herald
International · 2 hrs ago
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Budget takes $2b hit from property price fall as young home buyers struggle
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Accuracy 72/100
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Left-leaning ✓ Fair headline
Australia's budget faces a $2 billion revenue impact from falling property prices, while first-home buyers struggle with affordability despite having substantial deposits. The Treasurer is banking on a housing market recovery amid concerns about access to homeownership for younger Australians.
Budget takes $2b hit from property price fall as young home buyers struggle
While Treasurer Jaclyn Symes bets on a rapid housing recovery, first-home buyers like Tom find that even a 20 per cent deposit isn’t enough.
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