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First home buyer interest mounts

Staff Reporter 1 minute read

The industry continues to report a surge in first home buyer interest off the back of the government’s first home owner boost announced earlier this month.

Jennifer Nielsen, CEO of LoanMarket Group, yesterday said first home buyer traffic on the group’s website had soared 5,700 per cent in the first three weeks of October, compared to the first three weeks of September.

Direct enquiries also rose 300 per cent.

"There was very little interest from first home buyers during September but now brokers and property related websites, including our own, are being flooded with interest from these sources, " Ms Nielsen said.

With interest rates also on the way down Ms Nielsen said conditions were now a lot more favourable for those wanting to enter the market.

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Published: 27-10-08

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