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Mortgage sales to first time buyers jumped to an all time high in January, according to AFG’s recently released AFG Mortgage Index.
Over 25 per cent of the aggregator’s total volume during the month was written to first home buyers – a figure more than double the activity registered in July 2008.
As a portion of volume in each state, first time buyers were most active in NSW (30.5 per cent), WA (26.7 per cent), VIC (25.3 per cent) and QLD (24.7 per cent).
LVR’s also hit an all time high in January, the aggregator revealed, to 72.5 per cent. In January 2008 LVRs were 62.7 per cent.
