Connect with us

Local News

First homebuyer market activity up 50.4 per cent as housing affordability set to worsen



First homebuyer market activity has doubled in the past year to make up about 40 per cent of all property purchasers off the back of low interest rates and stimulus measures.

A new report by the Real Estate Institute of Australia (REIA) found first homebuyer activity increased 50.4 per cent nationally and by 43 per cent in NSW in the 12 months to the December quarter, according to the Real Estate Institute of Australia (REIA).

MORE: Inside Karl Stefanovic’s waterfront mansion

Celebs flock to new hideaway to rival Byron

50 bidders send original home $1.21m over reserve

Of the 29,329 home loans approved in NSW during the December quarter, 10,697 were for first homebuyers, according to REIA’s new housing affordability report. This…

Click here to view the original article.

Continue Reading

You might also like ...

Tamworth Regional Council slams IPART’s 40% proposed water price hike
Shooters select businesswoman to take on Nats in crucial by-election