More Houses Being Bought

Tuesday 14th July 2009

Almost one-third of homes bought during the month of May were financed by first home buyers, according to new Australian Bureau of Statistics figures.

The numbers of first-time buyers are exceeding many economists predictions, creating worries that lower-priced houses could fall in price when first home grants are scaled back after September 30.

Owner-occupier demand for houses grew 29 per cent in May 2009 compared to October 2008, when the $14,500 and $21,000 first home grants were introduced as part of the federal government stimulus package.

 

 

Do your research! 

onthehouse.com.au offers property sales data for you to do your property research.

 

 

 



Tags: Australia, Demand, First Home Buyer
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Based on information provided by and with the permission of the Western Australian Land Information Authority (2012) trading as Landgate.