Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Borrower

Property outlook: First home buyers are back

3 minute read
The Adviser

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.

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.

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits