Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

First home buyers return

Staff Reporter 3 minute read

Kate Miller

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.

Advertisement
Advertisement

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.

First home buyers return
default
TheAdviser logo

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.

PROMOTED CONTENT


default

 

more from the adviser
uptick graph Non-majors and non-banks continue to dominate: Broker Pulse

A greater proportion of brokers are sending their clients to non-...

construction equipment ta Demand for excavators up 191% YOY: CBA

The major bank’s data has revealed a jump in asset finance grow...

mortgage money house Hot Property: The biggest property headlines from the week 7-11 June

The weekly round-up of the biggest news stories from across Momen...