If you have headed to an auction recently, you would have noticed the crowd is increasingly filled with baby boomers. These buyers are swooping in and throwing the competition out of the water, paying cash for property. This is making buying a home for first home buyers extremely challenging.
These buyers are pushing up the prices of home usually attracting first home buyers. The combination of low interest rates, low supply and the cash strong boomer generation is continuing to push prices skyward.
Want to know more about the effect of these cashed-up baby boomers? Read the full story here.