15.01.2013 - First-home buyers beat a retreat from property market
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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