2014 has been a big year for the housing industry and property investment as more and more Australians turn to property as a way to increase their wealth.
This year has seen the official RBA cash rate sit at it's record low of 2.5% for 15 consecutive months and dwelling prices and capital cities steadily rise.
Unfortunately, first home buyers seem to have taken the hit from these conditions with many finding it increasingly challenging to make that first leap onto the property ladder.
A recent survey by a Sydney conveyancing firm CM Lawyers takes a look at the challenges facing Australian first home buyers. Have a read and let us know what you think.