First Home Numbers Plummet

The latest data from the Australian Bureau of Statistics shows a significant drop in first home buyers, where new buyer commitments finishing at 12.3% for April as compared to the previous year at 14.3%.

Out of the 52,109 dwelling commitments, 83% comprises established dwelling purchases, 12% for new dwelling constructions and 5% for new dwelling purchases. Meanwhile, as first home buyer commitments decrease, investor commitments have reached $11 billion – a staggering 34.9% jump over the year.

Read more about this on the Adviser 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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