ABS suggest signs of first home buyers back in the market

ABS suggest signs of first home buyers back in the market
ABS suggest signs of first home buyers back in the market

First home buyers may be encouraged to come back into the market, helped by tough regulations on investors, falling values and projects targeted towards FHBs. 

Data from the Australian Bureau of Statistics reveals first home buyers numbers are rising, with an 8.5% increase in their applications for home loans in September.

At the same time, the number of investors in the market has dropped. 

The amount first home buyers are borrowing is also on the increase, according to ABS figures which shows the average loan to an FHB was $351,800, up $2500 on the previous month.

However, in original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 15.4% in September 2015 from 15.8% in August.

 

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Tags: 
Property Sales Residential Market

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