Despite low affordability and last year’s interest rate rises, first home buyers are flooding back into the market, according to The Australian Financial Review.
The financial daily reports that May saw a 3 per cent rise in home loan approvals, the strongest since January 2002.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
It also reports that Sydney investors encouraged by the tight rental market now account for nearly 40 per cent of buyers, citing Raine & Horne research.