The improving affordability of real estate in many parts of Australia now creates more opportunities for astute property buyers to purchase prime real estate with the view to capitalising on capital growth moving forward.
Australia’s property industry is emerging as the main driver of economic growth and increased employment in the transition away from a decade-long reliance on mining.
The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased marginally to 15.1 per cent compared to 14.9 per cent in November.