PHOTO: Tim Lawless, research director of CoreLogic
First-home buyers have been flooding the market as the property planets align, but the tide could quickly turn according to industry insiders.
Despite a significant uptake in first-home buyers getting onto the property ladder Tim Lawless, research director of CoreLogic, said in the November edition of Property Pulse that the influx is likely to subside as housing affordability deteriorates and investors get back in the game.
ABS housing finance data for August 2019 showed first-home buyers represented the largest proportion of owner occupier mortgage activity in the country since early 2012.
First timers comprised 29.8 per cent of the national market for owner occupier home loans – almost five percentage points above the decade average of 25 per cent.
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