
First-time buyers priced out of rural homes – conveyancer
First-time buyers are being priced out of rural homes, according to a conveyancer who specialised in helping them on the ladder. Luke Seve began focusing on giving young families in and around Dubbo a leg up a decade ago when prices were around $480,000. Only those working in the mining sector stand a chance of getting a foothold in the market now that the price of starter homes has shot up to more than $700,000 on average, he says. Luke was speaking as CoreLogic reported that demand for rural living remained higher than pre-COVID levels. CoreLogic economist Kaytlin Ezzy said: