Get notifications in real-time for staying up to date with content that matters to you.
The peak of first home buyer activity has now passed, according to AFG, who has recorded its second consecutive decline in first home buyer sales, but investor activity is on the rise.
The proportion of first home buyers as a total of AFG’s monthly mortgage deals fell to 24.8 per cent in May, the aggregator said today, compared to its peak of 28.1 per cent in March.
While first home buyer activity remains above trend, AFG said the figures suggested the boom was over.
Investor activity, in contrast, is heating up, increasing over the past two consecutive months from an all time low of 24.5 per cent in March to 28 per cent in May.
AMP Bank has recruited from MyState for its new head of intermedi...
North Sydney-based brokerage Shore Financial has officially launc...
More borrowers are eager to lock in fixed interest rates than thi...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
