{"id":30938,"date":"2021-02-25T03:46:00","date_gmt":"2021-02-24T14:46:00","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=30938"},"modified":"2021-02-25T03:46:00","modified_gmt":"2021-02-24T14:46:00","slug":"first-home-buyers-to-slow-down-investors-to-return-in-2021","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/first-home-buyers-to-slow-down-investors-to-return-in-2021\/","title":{"rendered":"First home buyers to slow down; investors to return in 2021"},"content":{"rendered":"

PHOTO: First home buyers<\/strong><\/p>\n

After the domination of first home buyers in the 2020 property market, investors are expected to make their market comeback this year.<\/p>\n

Following the introduction of the federal government\u2019s First Home Loan Deposit Scheme<\/a>, the pandemic further accelerated first home buyer activity across property markets as affordability improved and government assistance schemes were put in place.<\/p>\n

According to the latest\u00a0Property Outlook Report<\/em>\u00a0by REA Insights, first home buyer inquiry was up by 62 per cent in 2020, while investor inquiry over the same period declined by 5 per cent.<\/p>\n

Across the country, it was Melbourne CBD units that saw the highest level of first home buyer enquiry last year, the report noted.<\/p>\n

\u201cThis was likely driven by renters deciding to become buyers, as well as competitive pricing for many apartments during the pandemic,\u201d REA Group\u2019s chief economist, Nerida Conisbee<\/a>, said.<\/p>\n

Apart from increased interest, the Australian Bureau of Statistics (ABS) also noted a record number of owner-occupier first home buyer loan commitments since October 2009.<\/p>\n

READ MORE VIA REB<\/a><\/p>\n

MOST POPULAR<\/span><\/h3>\n