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Calls for new measures to keep property open to first home buyers

By Ben Faulks

Earlier this week, Reserve Bank of Australia governor Glenn Stevens said it was important for measures to be taken in order to help first home buyers remain eligible for an increasingly difficult property market.

Master Builders Australia chief executive officer Wilhelm Harnisch agreed with the sentiment, stating that it was the country's obligation to ensure home ownership remained an achievable goal for first time buyers looking into purchasing their own Belconnen real estate

"To meet this responsibility we must build an adequate supply of new housing to exert downward pressure on house prices and to ensure that the intergenerational home ownership gap does not widen for first home buyers," said Mr Harnisch in a February 16 statement. 

Now could be a brilliant time for investment in local communities, especially with the official cash rate resting at the historic low level of 2.25 per cent after being reduced at the beginning of the month. 

If you're interested in trying your hand at property investment in the near future, it could be worth getting in touch with a local real estate agent to begin discussing the various options available to you in the local community. 

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