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Good news for First-Home Buyers

Posted by Impression on 20, Sep 2017

There’s some good news that’s emerged from the doom and gloom of the winter sales numbers: more first-home buyers are making their move. CoreLogic reports that first-time buyers made up 23.4% of all buyers in August, “their highest share in almost four years”. What first-time buyers purchasing? 

  • Almost three-quarters (73%) are buying houses.
  • 17% are buying units/townhouses.
  • 5% are buying apartments. 

People who already own houses are staying put, with just 21.7% of sales from those shifting to a new house – which is both a symptom and a cause of the low numbers of listings and sales. 

© 2017 Impression Real Estate Limited - Licensed Real Estate Agent (REAA 2008)