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Australia: Buyers return to property market

Posted on 05 March 2013

Good news for those who follow the market - Australians borrowed $200 billion to buy residential property last year. That’s just 7 per cent (or $15 billion) less than the 2007/08 market peak.
The three main buyer types are owner residents buying for the second or subsequent time, investors and first-time buyers. Owner-residents were the largest buyer segment last year at 44 per cent; followed by investors at 42 per cent; and first-timers at just 14 per cent of the market………………………………………..Full Article: Source


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