First homebuyers are back
By
Ben Abbott
|
26/08/2010 5:45:00 AM
|
0
comments
Mortgage broker Aussie has reported a surge in first homebuyer activity since March.
The number of first homebuyers requesting appointments with Aussie brokers via its website www.aussie.com.au has more than doubled since March, according to new data from the group.
Aussie's chief executive Stephen Porges put the renewed activity down to a combination of cooling property markets, an improved economy, and increased job security, spurring first-time buyers back into the game.
“The market was white hot last year due to the Federal Government’s boost to the First Homebuyer’s Grant,” Porges said. “Many first homebuyers would have paid a premium for their properties during that hectic time.
However, Porges said now the market has cooled off, those first homebuyers who didn’t buy a home in late 2009 and early 2010 are ready to make their "first step on the property ladder."
Porges said the current climate - both in the real estate market and with interest rates returning to more “normal" levels - made it easier for these buyers to make an entry.
Related stories:
Housing market entry gets harder
Latest Comments