Australia’s first home buyers are still taking out loans as property investors step back, data shows
Data shows that first-time home buyers in Australia are maintaining loan application levels despite broader market cooling, while property investors are pulling back. This trend follows government efforts to level the playing field through tax changes and interest rate adjustments.
Why it matters
Understanding shifts in housing market participation is essential for assessing the impact of government economic policy on housing affordability and investor behavior.
First home buyers feel the sentiment has turned in their favour while investors feel it has swung against them, a property expert says. Photograph: Joel Carrett/AAP First home buyers feel the sentiment has turned in their favour while investors feel it has swung against them, a property expert says. Photograph: Joel Carrett/AAP Housing ‘Pent-up demand’: First home buyers chase more loans as property investors step back, data shows Exclusive: New entrants the only cohort making more loan applications amid interest rate rises and tax changes, mortgage broker says
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Prefer the Guardian on Google First home buyers are still taking out a large number of loans, with government backing, even as investors step back from Australia’s property market.
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