With investor activity easing and attractive incentives becoming available in NSW and Victoria, there has been a rebound in borrowing by first-home-buyers over the past year.

Some states and territories have increasingly offered stamp duty reductions for buyers, with these going live last year in NSW and Victoria – and activity from the first-home-buyer segment has climbed over the past year.

Nationally, there were 8,782 home finance commitments in February, with first-home-buyers accounting for 18% of owner-occupier commitments, compared to 13% the previous year, according to ABS data.

There are different trends in the individual states and territories.

In NSW, first-home-buyers now account for 15.1% of owner-occupier finance commitments, up from 7.5% a year earlier. In Victoria, first-home-buyers are 18.3%, compared to 13.9% a year earlier, while in Queensland FHBs account for 19.3% in February, up from 17.6% a year earlier.

Are you looking to buy your first house?

Why not come along to one of our upcoming  Evening Workshops in Perth or Melbourne. Our next workshops are being held on the 15th of May (Melbourne) and 16th of May (Perth).

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