First home buyer activity stalls
11 OCT 2010
3 min read
Investor Strategy
Housing finance for first home buyers has fallen to its lowest level in six years, new data shows.
According to figures released by the Australian Bureau of Statistics today, first home buyer loans accounted for just 15.5 per cent of all owner occupier loans written in August.
This compared to 15.9 per cent in July and 20.5 per cent in January this year.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
In May last year, when the cash rate sat at just 3 per cent, first home buyer commitments peaked at 28.5 per cent of all owner occupier commitments.
You need to be a member to post comments. Become a member for free today!