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Vivienne Kelly
First home buyers and refinancers have dominated the home finance market since the beginning of 2012, a survey by Loan Market has found.
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The poll asked 173 Loan Market brokers ‘Which consumer group have you received the most enquiries from so far in 2012?’
41 per cent of respondents said first home buyers and 36 per cent nominated refinancers. The remaining 23 per cent was split between property investors and self-employed borrowers, receiving 20 per cent and 3 per cent of the vote respectively.
Loan Market spokesperson Paul Smith said much of the first home buyer activity has resulted from the period of subdued activity during 2011, where many first time buyers built up their savings.
“The enquiries from first home buyers this year are largely made up of buyers with significant savings and thorough awareness of the lending landscape,” he said.
“We anticipate continued activity from first time buyers in 2012 with the prospect of lower interest rates and stability in Europe."
