Taylor sounds alarm as housing market correction threatens first-home buyers
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Opposition Leader Angus Taylor warns thousands of recent first-home buyers risk falling into negative equity as auction clearance rates collapse and confidence evaporates. “If you’re a first-home buyer and you’ve recently bought a home and the market sees a correction … there’s a very good chance that you’ll be in the red,” Mr Taylor told Sky News host Jaimee Rogers. “The clearance rates have collapsed, which is what you mentioned right up front, and so we’re not seeing people get into the housing market that might otherwise have got into the housing market.”
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