Market Update

First Home Buyers a Small % of Market

First home buyer numbers have decreased to 18.1% of all owner occupiers down from 26.8% in February last year, on a national scale. The average first home buyer loan size has also fallen from $290,100 in December 2008 to $282,100 currently.

Housing Loans

Home loan volumes are also declining with owner occupier housing loans falling by - 1.8% for the month of February. They are down -16.1% over the year.

Million Dollar Properties

Nationally there were 19,417 house and unit sales priced at or over one million dollars last year. This was 21 per cent lower than what was recorded in 2007.

Source RP data