
It's disheartening to see the RBA and the government engaged in a blame game and wasting time, seemingly to benefit banks and large businesses, which appears to be a tactic to drive the economy into recession.
Addressing the issue by temporarily suspending investor loans could significantly aid First Home Buyers in entering the market.
Investors should focus on new developments rather than competing with First Home Buyers for existing homes.
Despite receiving numerous tax benefits for their investment risks, investors now seem to prefer a less risky approach and are competing directly with First Home Buyers.
Investment groups argue that First Home Buyers should simply bid higher if they want the property, even if it means offering $20,000 to $30,000 more.
First Home Buyers know that it takes over 5 to 6 years to save for a deposit, and by the time they have enough, investors often outbid them and rent out the property.
While investors play a role in economic development, the current investing trend is not benefiting the economy and is depriving families of homeownership opportunities.
This situation is harmful to the economy. RBA MUST consider pausing investor loans until the housing crisis is resolved.