Children becoming homeless as housing crisis bites

Housing pressures are even affecting those recently involved with the market, as an Infotrack survey revealed three-quarters of people who bought or sold in the last 12 months encountered challenges.

The biggest issues were price and finding a home, according to the company’s head of property Australia Lee Bailie.

Affordability impacted families with children the most while couples aged 30-49 were the group most likely to purchase their home.

“Interestingly, only two-thirds of respondents cited interest rates as a major factor influencing their decision-making process,” Mr Bailie said.

“Only 40 per cent of first home buyers said they were negatively affected by rates.”