PHOTO: First Home Buyers
First home buyers have become more active in the housing market over the past year.
There has been a number of reasons for this, dwelling values have been falling which has improved affordability lessened the deposit hurdle, other segments of the market have been less active (less competition) and attractive incentives have been offered to first home buyers in certain states. The latest data on housing finance from the Australian Bureau of Statistics for December 2018 shows that perhaps that trend is reversing.
Note that all the data is seasonally adjusted so the slowdown isn’t likely to be related to seasonality.
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