ISSUE 7: ARE FIRST HOME BUYERS BACK?

Highlights of spotlight include:


  • Uncertain job market conditions are having a significant impact on the decision to purchase a property.
  • With national average rents rising by 11.2% during 2008, many renters are now reviewing their circumstances to determine the best course to follow.
  • Government statistics show that the First Home Owners Grant has been successful in stimulating the market.
  • Genworth research shows a new trend towards buying brand new dwellings.
  • There is an increasing focus on First Home Buyers as drivers of lending growth.
  • Distinguishing the key drivers for purchasing a property can provide invaluable insights to risk management.