They’re back! First home buyers jump back in to the market

FIRST home buyers have made a bold return to the property market after months on the sidelines, with Queensland experiencing the biggest increase.

The latest report from the Real Estate Institute of Australia and Adelaide Bank reveals the number of loans to first time buyers increased by 14 per cent during the June quarter, with increases in all states and territories except Tasmania.

That’s despite government grants for first time buyers in some states not coming into effect until July 1.

The latest Adelaide Bank/Real Estate Institute of Australia Housing Affordability Report is out.


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