Hashching reveals its first home buyer hotspots
Queensland has become a sanctuary for first home buyers with one postcode standing far above all others, Toowoomba's 4350.
The survey by mortgage broker platform Hashching revealed where first home buyers are finding their way onto the housing ladder,.
It suggests the plight of the embattled group in New South Wales and Victoria was creating demand in other states.
The analysis reviewed over 3000 property transactions this year by mortgage brokers.
Of these 3000, around 50% were transactions by first home buyers.
Queensland's Toowoomba saw 20% of all Queensland first home buyer transactions with nearly postcode 4352 (St Aubyn) taking second place with 4% of transactions, followed by 4655 (Walliebum) with 2% of transactions.
New South Wales is effectively the polar opposite of Queensland, Hashching CEO Arun Maharaja said.
In NSW, first home buyers are the least concentrated of all Australian states - postcode 2145 (Pemulwuy) is the only one to pull away from the pack, with 2% of first home buyer transactions.
Victoria's joint top spot was shared by two postcodes: 3977 (Devon Meadows) and 3064 (Roxburgh Park) who both represent a 2% of transactions.
“Before beginning the analysis, we had a hunch we’d see high levels of concentration when it comes to first home buyers," Mr Maharaj said.
"The group has the most in common with each other - younger, lower budgets and often employees over self employed.
"This would lead to areas with a sweet spot of good commuting options into capital cities, affordable housing and/or nearby recreational areas seeing high transaction numbers.”
This hunch was broadly correct for Queensland, Tasmania, West Australia, South Australia and the ACT.
In the ACT, postcode 2615 (Dunlop) takes the top spot, with 11% of all transactions, followed by postcodes 2902 (Kambah) and 2914 (Amaroo) with 10% each.
First Home Buyers in the ACT are being pushed to the outskirts of Canberra, in all directions, the report noted.
South Australia sees postcode 5606 (Port Lincoln) lead the pack with 8% of transactions, followed bypostcodes 5159 (Flagstaff Hill) and 5043 (Ascot Park) with 6% of transactions.
West Australia’s first home buyer capital is postcode 6230 (Bunbury) with 6% of overall transactions.
WA first home buyers are also finding opportunities in northern Perth, with postcode 6065 (Pearsall) representing 5%, while neighbouring 6027 (Mullaloo) represents (4%) of transactions.
Tasmania is the most concentrated market of all, with the top three consisting of neighbouring Hobart postcodes. Postcode 7008 (Lenah Valley) took 12% of transactions, with neighbouring 7000 (North Hobart) a close second at 11% and 7018 (Tranmere) across the bridge coming third with 9%.