Table of contents
First homebuyers replaced by investors - featured image
By
A A A

First homebuyers replaced by investors

First homebuyer numbers are now in decline as the targeted stimulus fades.

However, investment loans are now solidly on the increase - offsetting the decline in first-time buyers - leaving total housing lending ex-refinancing flat for another month at $32 billion.

01chart

Only Canberra/the ACT hasn't rolled over in terms of first homebuyer numbers, with everywhere else now in decline.

02chart

The average loan size for homebuyers buying existing dwellings increased to a new high of $590,000.

03chart

The property market cycle has been characterised by first homebuyers and upgraders to date, but now it's the property investors taking over.

The rental market is extremely tight in many parts of the country, with rental price growth rising to the highest level in nearly 15 years, so this does make a certain level of sense.

About Pete is a Chartered Accountant, Chartered Secretary and has a Financial Planning Diploma. Using a long term approach to building businesses, investing in equities, & owning a portfolio he achieved financial independence at the age of 33. Visit his blog
No comments

Guides

Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts