First home buyer activity stalls

11 OCT 2010 • 1 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

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

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.

Tags:

You need to be a member to post comments. Become a member for free today!