First Home Buyers Struggle Continues

First Home activity is still down despite low investor activity. First home Buyers accounted for a new record low in total borrowings at 12.3%, below the previous low of 12.5% posted October of last year.

52,912 owner-occupied home loans were accounted for last November, increasing by 1.1% for the month. Total dwellings have increased by 1.7% to $26.9 billion. Despite the increase in these numbers, First Homebuyers remain at mediocre levels, where in New South Wales first homes accounted for just 7.4% of dwelling activity, slightly above the all time low of 6.8% recorded last September.

Read more about this on the Age website.