๐๐ถ๐ฟ๐๐ ๐๐ผ๐บ๐ฒ ๐๐๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ต๐ฎ๐ฟ๐ฒ ๐ฅ๐ถ๐๐ฒ๐ ๐๐ผ ๐ฏ๐ฒ.๐ด%
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 donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll 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.
