First Home Buyers Move In
There are more Australians taking the step and buying their first home than have done so in the past two years, assisted by high employment levels and relatively stable mortgage finance rates.
The latest Australian Bureau of Statistics figures on housing finance during November 2005 show that first home buyers now account for 18.3 per cent of all housing loans. This reflects a steady increase over the past year in first home buyers as a percentage of the total home finance market and is the highest level reached in approximately two years.
Queensland had the highest monthly increase in the number of home loans for owner occupied housing (up by 2 per cent), followed by New South Wales (up 1.2 per cent), Victoria (up 0.2 per cent), Tasmania (up 1.4 per cent), South Australia (up 0.2 per cent), Australian Capital Territory (up 0.6 per cent) and Northern Territory (up 0.6 per cent). A decrease was recorded in Western Australia (down by 0.4 per cent)
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