First home buyer numbers have taken a big fall in the past year, according to the Australian Bureau of Statistics.
New buyers represented 12.3 per cent of owner-occupied finance commitments in April – down from 14.3 per cent in April 2013 and 12.6 per cent in March.
The average loan size for first home buyers was $300,900, which marked a 4 per cent increase on the year before but a 0.6 per cent decline on the previous month.
There were also 52,109 dwelling commitments for owner-occupied housing, with 83 per cent being for the purchase of established dwellings, 12 per cent for the construction of new dwellings and 5 per cent for the purchase of new dwellings.
The Australian Bureau of Statistics also reported $27.9 billion of finance commitments for May – up 22.6 per cent annually and 1.7 per cent monthly.
The owner-occupied share of those commitments was $16.9 billion, which marked a 15.8 per cent annual increase and 1.4 per cent monthly increase.
Finance commitments for investors reached $11 billion, which was a 34.9 per cent jump on the year before and a 2.3 per cent rise on the previous month.
[Related: ABS finds Australia wealthier but not fairer]
The non-bank lender has revealed it will expand its product and c...
The major bank saw a 45 per cent increase in mortgage application...
The non-major bank has reduced variable rates by up to 20 basis p...