Wednesday, 20 September 2017
future planning... More first home buyers are entering the housing market. future planning... More first home buyers are entering the housing market.

First home buyers returning to market

FIRST home buyers are returning to the housing market as finance approvals for investor housing trend downward, according to the Real Estate Institute of Australia.

“The proportion of first home buyers, as part of the total owner-­occupied housing finance commitments, increased to 15 per cent (according to latest ABS statistics) and is the highest since February 2014,” REIA president Malcolm Gunning said.

“The number of first home buyer commitments increased by 1.6 per cent for the month, following a 28.9 per cent increase the previous month, and is the highest since October 2014.

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