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Australia's housing boom surged in October 2025 after expanding first-home buyer support, boosting loan applications by 39% nationwide.
Australia’s housing market surged in October 2025 after the government fast-tracked an expanded First Home Guarantee, allowing first-time buyers to enter with as little as a 2% deposit.
The scheme, which removes salary limits and raises price caps to $1.5 million in Sydney, triggered a 39% national rise in loan applications, with Queensland seeing a 55.2% jump.
Despite broad eligibility, many high-income casual workers like Peter Njoroge remain excluded due to employment status, fueling concerns about fairness.
Record home prices, up $65,000 annually, reflect strong demand amid limited supply.
Experts warn the policy may inflate prices and increase long-term debt risks, while brokers report rising pre-approval demand and longer processing times.
El auge de la vivienda en Australia se disparó en octubre de 2025 después de expandir el apoyo a los compradores de primera vivienda, aumentando las solicitudes de préstamos en un 39% en todo el país.