First home buyers Lots of absolute toss is written about the first home buyer in Australia. And the commentary varies in the extreme – from how active they are; to how lazy they seem and that they want everything on a silver platter. And now the Federal government has unveiled their scheme to help up to 10,000 first home buyers on low and middle incomes enter the market each year from January 2020. Hmmm. I have enclosed two charts and a table in this post that I reckon sums up the real state of play when it comes to buying your first home down under. Continues...
First home buyers – Part 2 A few weeks ago, I posted about the first home buyers. That missive drew quite a few comments, many in support – thanks – and some not so supportive. Several asked me for a chart showing the long term trend between the money lent to first home buyers versus investors. Others wanted to know how many loans are made to first home buyers each year. And a few lost souls wanted to know what I would do to help improve the situation. So here is my reply and I have included two charts in this follow up post.
Nice charts , quite obvious investors are still the major group in home loans. APRA changes seem to have a small effect past couple years but not much.
a lot of FHBs now buy as investors instead - the share of first time buyers is probably a bit flatter, but the ABS doesn't measure it
Good point, our adult kid yes bought the first property as investor (rentvestor). Also I know his friend bought two investments interstate while still living with a parent.
Not sure what investors are 75% and FHB are 25% of actually? What about the rest of the finance pie? When they ignore total finance or total owner occupied finance they look silly to me. 5609.0 - Housing Finance, Australia, November 2018 Australia's mortgage market goes BOOM! - MacroBusiness
