“First home buyers accounted for 41 per cent of new loans issued over the past six months, the highest for more than a decade,” stated HIA’s Senior Economist, Nick Ward.
John McGrath – First time buyers and upgraders dominate market
A strong start to the new year driven by owner occupiers either upgrading their residences or buying their first homes, according to John McGrath, founder and executive director, McGrath Estate Agents.
New research from Westpac shows that COVID-19 is continuing to shape Australian home ownership goals, with the number of first home buyers looking to enter the property market in the next five years doubling from 7 per cent before the pandemic to 16 per cent.
The REIA June Housing Affordability Report has good news for renters showing rental affordability is at its best since 2007, says president Adrian Kelly.
John McGrath, founder and executive director of McGrath Estate Agents outlines the help available to those who want to step into the property market for the first time.
Steady recovery predicted for Melbourne's new homes market
Influencing factors may still stall Melbourne's steady new homes growth, according to Terry Portelli, Managing Director of leading residential sales and marketing agency Red23
