First-time buyers fuel property price rises

First-time buyers fuel property price rises

A second cash rate cut has given first home buyers confidence to get into the market. Prices expected to rise at a sustained pace this year.

As New Data Shows First Time Buyers Now Borrow For 31 Years, Expert Shares His 5 Tips For Those Looking To Get Foot On Property Ladder - Business in the News

A leading property expert today offers his advice to first time buyers looking to get a foot on the housing ladder. Research has shown that 67% of borrowers purchasing property in 2024 were first-time buyers. And data released this week revealed first-time buyers are borrowing through mortgages that last an average of 31 years as the affordability of homes remains a stretch. A decade ago, the average mortgage term for those buying a first home w…

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Relaxed mortgage rules will boost first-time buyers but send house prices up, says report

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