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Real Estate Briefing - Categorized | Investment, Market Moves more

First-home buyers beat a retreat from property market

Posted on 15 January 2013

First-home buyers are rapidly retreating from the property market in spite of the Reserve Bank’s rate-cutting campaign, new figures show. The proportion of home loans that are issued to first-time buyers has fallen to its lowest level in more than eight years.
It comes as separate figures show the average credit card balance fell by a record 2.3 per cent over the year to November as consumers continue to wean themselves off debt………………………………………..Full Article: Source


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