First Home Buyers driving increased lending

The August 2017 housing finance figures released today by the Australian Bureau of Statistics (ABS) show first home buyers are returning to the market due to increased stability, according to the Real Estate Institute of Australia (REIA).

“The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, rose to 17.2 per cent and is the highest proportion since July 2013. The number of first home buyer commitments increased by 14.0 per cent for the month and is the highest since December 2009,” REIA President Malcolm Gunning said.

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