Tag: buying

Millennials dig deep to bolster home savings

CONSISTENT and conscientious savings plans are propelling more first home buyers into the property market, according to data released by Westpac Life, with more millennial customers digging deep to save for a home. Over the months of March and April 2018, the data revealed an increase in the number of first home buyer loans issued…

First home buyers break into market

“First Home Buyer participation in Australia’s mortgage market is now at its healthiest since 2012,” Master Builders Australia chief economist Shane Garrett has said.. During the three months to August 2018, ABS data indicate that the portion of owner occupier mortgages accounted for by First Home Buyers (FHBs) reached 18pc. “The strength of First Home…

Renters and first home buyers see more affordable market

Affordability has improved for renters and the number of first home buyers increased during the second quarter of 2018, according to research from the Real Estate Institute of Australia and Adelaide Bank. REIA President Malcolm Gunning said the June quarter 2018 edition of the Adelaide Bank/REIA Housing Affordability Report found rental affordability improved in all…