Property prices are sitting at record highs in many parts of the country, however there remains an abundance of affordable suburbs and towns where buyers can secure an inexpensive home or unit. PropTrack economist Anne Flaherty says high interest rates in conjunction with continually rising property prices were pushing people to seek out these more economically viable regions. “Rental vacancy rates are at record lows and people are forking out a lot for rent each month, so many of these renters are deciding to transition to first-home buyers instead,” Ms Flaherty said. “These are the kinds of buyers that are really looking in the…
