first home buyers

As interest rates continue to shrink on home loans, the ability for people to buy their own home also reduces, according to REIA Housing Affordability quarterly report.

The ABS is reporting the number of new loans issued to first time buyers in December was at its highest level since December 2009

Recently released figures from the ABS show owner occupiers continue to drive the value of home loans, according to REIA president Adrian Kelly

“Servicing a mortgage is not the constraint on home ownership that it has been in the past", according to HIA. Home loan auction market-place Joust agrees, saying they have strong numbers of first home buyer enquiries.

Hopes for first home buyers have increased as more prepare to jump on the property ladder, according to ME fourth Quarterly Property Sentiment Report.

Following three interest rate cuts, lending for home purchases has risen, according to HIA.

The Government has released details of how first home buyers can get themselves into the real estate market.

The Bill to allow first home buyers easier access to the property market has now been passed in both the upper and lower houses.