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First-home buyers at all-time high

First-home buyers at all-time high (News (General))

by administrator @, Friday, June 19, 2009, 15:07

THE percentage of first home buyers in the market has swelled to the highest level on record, data out today shows.

First home buyers now make up 28 per cent of all dwellings financed, which is the largest proportion recorded since the Australian Bureau of Statistics began collecting the data in 1991.

The number of housing loan approvals rose by 0.9 per cent in April, the seventh monthly rise in a row. The figure was still below market expectations of a 1.5 per cent increase.

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