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Property outlook: First home buyers are back

Staff Reporter 1 minute read

Despite low affordability and last year’s interest rate rises, first home buyers are flooding back into the market, according to The Australian Financial Review.

The financial daily reports that May saw a 3 per cent rise in home loan approvals, the strongest since January 2002.

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It also reports that Sydney investors encouraged by the tight rental market now account for nearly 40 per cent of buyers, citing Raine & Horne research.

Property outlook: First home buyers are back
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