First home buyers are back and turning to brokers for their first home loan, according to Aussie, with the group reporting a surge in inquiries from first time buyers.
According to Aussie CEO Stephen Porges, the number of first home buyers requesting appointments with Aussie brokers via its website has more than doubled since March.
Mr Porges said a combination of the cooling property market, an improved economy and increased job security had all contributed to bringing first time buyers back.
“The market was white hot last year due to the federal government’s boost to the first home buyer’s grant,” he said.
“Now that it has cooled off, those first home buyers who didn’t buy a home in late 2009 and early 2010 are back and ready to make their first step on the property ladder.”