BOOST... More first-home buyers have turned their dream into a reality and entering the market. BOOST... More first-home buyers have turned their dream into a reality and entering the market.

First-home buyer participation increases in mortgage market

FIRST-home buyer participation in Australia’s mortgage market is at its healthiest level since 2012, according to Master Builders Australia chief economist Shane Garrett.

During the three months to August 2018, Australian Bureau of Statistics data indicates the portion of owner occupier mortgages accounted for by first-home buyers reached 18 per cent.

“The strength of first-home buyer engagement with the mortgage market is good news for Australia’s home building industry,” Mr Garrett said.

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