A rate cut this month would have improved affordability for first home buyers but may not have been enough to encourage a purchase, according to Real Estate Institute of Australia (REIA) President, Mr Peter Bushby.
“The proportion of first home buyers in housing finance commitments in December 2012 was 14.9% - less than half of that in May 2009 (31.4%) and well below the long-term average of 20.2%.
GROWTH IN HOUSING FINANCE APPROVALS RESUMES
2021 OFFERS UNIQUE OPPORTUNITY FOR LATE AUTUMN AND WINTER SALES
RENTS CONTINUE RECOVERY FROM COVID IMPACT
All-star line-up for REIA National Awards for Excellence 2021 to be held in the Top End
HOMES SHOULD BE AT THE HEART OF BUDGET 2021 AS AUSSIE JOBS COME BACK ONLINE
RAPID GROWTH IN HOUSING FINANCE APPROVALS SLOWING DOWN
AUSTRALIAN HOUSING PRICES SOAR BY 500% OVER PAST 25 YEARS