Matusik

Discussion in 'Property Market Economics' started by Redwing, 23rd Nov, 2019.

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  1. Redwing

    Redwing Well-Known Member

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    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.


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    Continues...
     
    Last edited: 23rd Nov, 2019
  2. Redwing

    Redwing Well-Known Member

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    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.


    [​IMG]

     
  3. Kangabanga

    Kangabanga Well-Known Member

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    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.
     
  4. petewargent

    petewargent Buyer's Agent Business Member

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    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
     
  5. MWI

    MWI Well-Known Member

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    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.
     
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  6. BuyersAgent

    BuyersAgent Well-Known Member Business Member

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