Aggregator says FHB's tune is changing - for the better

by Mackenzie McCarty15 Feb 2013

Despite low buying levels for first home buyers in 2012, they have been the most active segment of the market for finance enquiries to start 2013, according to one leading aggregator.

Loan Market corporate spokesperson, Paul Smith, says that for the first six weeks of 2013, first home buyers have represented 51% of all enquires for the services of a mortgage broker.

“We've had nearly four years where first home buyers have been a secondary market to owner occupied purchases and investors, but as the prospect pool of buyers grows larger, so does the likelihood that we see the return of first time purchasers.”

Smith says many of the past growth spurts for first home buyers were caused by state-based government policies being added or removed, but that this increase in enquires was for first time purchasers planning to get into the market in 2013.

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