Australia's first home buyers are still taking out loans as property investors step back
Despite rising interest rates and recent tax changes, first home buyers in Australia continue to apply for loans at increased rates, supported by government programs. They have become the only borrower cohort expanding loan applications, while property investors have notably retreated from the market according to new data from mortgage broker Loan Market.
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Australia’s first home buyers are still taking out loans as property investors step back, data shows
First home buyers in Australia continue to increase their loan applications and remain active in the property market despite rising interest rates and recent tax changes. Meanwhile, property investors have significantly stepped back from the market, making first home buyers the only cohort increasing their loan applications compared to June, according to data from mortgage broker Loan Market.
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