Speaking today at the National Regional Housing Summit, Member of Parliament for Deakin, Michael Sukkar, said an LNP leadership would “cut out state governments” to address the housing crisis.
With more first home buyers (FHBs) entering the property market, an expert buyer’s agent has handed down her top tips for anyone ready to jump on the property ladder.
According to the Real Estate Buyers Agents Association of Australia (REBAA), activity for first home buyers has increased by 13 per cent compared to one year ago.
In December 2023 alone, the Australian Bureau of Statistics recorded a 12.9 per cent rise (9491 new home loans) in new loan commitments (seasonally adjusted) for owner-occupier first home buyers. This compares to December 2022, where there were around a thousand fewer new home loans (8405 new home loans).
REBAA President Melinda Jennison said that the spike in first home buyer activity during December 2023 could be attributed to the peak of the interest rate cycle having passed.
“Many first-time buyers were waiting in the wings for a clearer interest rate picture to emerge, which was the case at the end of last year,” Ms Jennison said.
Noting that hom
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