First Home Buyers account for a measly 13% in overall home loans for the last quarter of this year. According to Aussie executive chairman John Symond, this trend is set to continue for 2014, as investors dominate the property market.
It is also forecasted that the property sector will experience favorable results for the next year, but in terms of First Home Buyers and Investors, the former is dominated by the latter. Interest rates are also forecasted to remain at low levels, but for as long as property values are increasing at its current rate, homes for First Home Buyers are currently out of reach.
Read more about this on the Broker News website.