Feature article
Low deposit mortgages help fuel first home buyer activity
CoreLogic’s August Housing Chart Pack uncovers the latest for first home buyers.
27 August 2024
AI summary
According to CoreLogic, first home buyers (FHBs) are maintaining a near-record market share of 27%, fueled by low-deposit mortgages. Two in every five FHBs are purchasing homes with less than a 20% deposit.
An increase in property listings is giving buyers more choice and helping to soften prices. While mortgage rates are expected to fall, a major market boom is considered unlikely due to the current economic climate and job market instability.
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