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First-home buyers exit the housing market

Posted on 14 March 2013

A national housing recovery may be facing a new hurdle, with first-home buyer mortgage commitments sliding to record lows in some states, according to the latest figures from the Australian Bureau of Statistics. Between December 2012 and January 2013, first-home buyer commitments slipped by 11 per cent, sparking concerns that the Australian housing market will continue to face strong headwinds if the trend is not reversed.
The number of first-home buyers as a percentage of total owner-occupied housing commitments remained steady at 14.9 per cent in January, but this has decreased steadily since September, when it sat at 19.4 per cent………………………………….Full Article: Source


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