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Owner-occupied housing finance up 3.5%
March 11, 2009
Home Loans for owner-ocuppied properties rose sharply by 3.5% in the month of January. This has been mainly due to the greater increase of first home buyers entering the housing market, as they take advantage of the fedral governments first home owners grant boost.
The Bureau of Statistics has recorded that the first home buyers made up around 26.5% of all of the owner-occupied home loans that were written in the month of January.
This has seen the fourth month in a row of home loan approvals with January giving over a 3.5% increase.