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.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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