Low deposit mortgages help fuel first home buyer activity

First home buyers (FHBs) are maintaining a near-record market share at 27%, driven by the availability of low-deposit mortgages. According to CoreLogic, two in five FHBs are purchasing property with less than a 20% deposit.

This high activity is also supported by an increase in available property listings, which gives buyers more choice and negotiating power. While a housing boom is unlikely, mortgage rates are expected to fall, potentially reaching 5.5% by late 2025, providing further support.