First home buyers are back and turning to brokers for their first home loan, according to Aussie, with the group reporting a surge in enquiries from first time buyers.
According to Aussie CEO Stephen Porges, the number of first home buyers requesting appointments with Aussie brokers via its website has more than doubled since March.
Mr Porges said a combination of the cooling property market, an improved economy and increased job security had all contributed to bringing first time buyers back.
“The market was white hot last year due to the federal government’s boost to the first home buyer’s grant,” he said.
“Now that it has cooled off, those first home buyers who didn’t buy a home in late 2009 and early 2010 are back and ready to make their first step on the property ladder.”
The return of first time buyers bodes well for broker business with first time buyers traditionally strong users of mortgage brokers, Mr Porges said.
If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.
A greater proportion of brokers are sending their clients to non-...
The major bank’s data has revealed a jump in asset finance grow...
The weekly round-up of the biggest news stories from across Momen...