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๐—™๐—ถ๐—ฟ๐˜€๐˜ ๐—›๐—ผ๐—บ๐—ฒ ๐—•๐˜‚๐˜†๐—ฒ๐—ฟ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ ๐—ฅ๐—ถ๐˜€๐—ฒ๐˜€ ๐˜๐—ผ ๐Ÿฏ๐Ÿฒ.๐Ÿด%

First home buyers have steadily increased their share of the owner-occupier home loan market over the past 15 months.

Between July 2022 and October 2023, the first home buyer share of the owner-occupier market (covering those who take out home loans for the purpose of buying or building a home) rose from 31.0% to 36.8%, according to the latest data from the Australian Bureau of Statistics.

By way of comparison, first home buyers have had an average owner-occupier market share of 31.6% in records dating back to 2005.

The federal government supports first home buyers through the First Home Guarantee, which helps eligible first home buyers purchase a property with just a 5% deposit without having to pay lender's mortgage insurance.

Subiaco finance brokers are here to help

Interest rate rises are here, but you donโ€™t have to fear with the right broker on your side.

The team at Sonam Capital are here to empower you through financial knowledge. Weโ€™ll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.

Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.

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