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FHB demand to gather steam

by Staff Reporter8 minute read
The Adviser

Staff Reporter

Low interest rates should encourage first home buyers into the Queensland property market, RAMS has claimed.

In the first quarter of 2013, RAMS experienced a 23 per cent uplift from the previous quarter in the volume of customer enquiries to the company's national call centre and online.

In the past 6 months, RAMS has helped more than 1,000 Queensland first home buyers to get a foot on the property ladder and 15 per cent of these customers have qualified for the state government Great Start Grant, introduced last September, to help them purchase a new home.

RAMS chief executive Melos Sulicich said this upward trend is expected to continue as first home buyers seize the many opportunities available to get off the rental treadmill and into their own new home.

“We understand that buying a first home can be a daunting experience, especially with the recent changes to first home buyer incentives, variable and fixed rate home loan interest rate cuts and home loan features available for first home buyers, including low introduction rates for the first few years of the loan,” Mr Sulicich said.

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