One in five are first home buyers as QLD leads East Coast
ONE in five Queensland buyers were first homeowners in January, with the state pulling above national average and leading the East Coast.
Noah Kean 26, and his partner Eden, 24, found it difficult to save for a house but are finally in their own property. First homebuyers have surged since changes to grants across QLD, NSW and Victoria. Picture: Richard DobsonSource:News Corp AustraliaNoah Kean 26, and his partner Eden, 24, found it difficult to save for a house but are finally in their own property. First homebuyers have surged since changes to grants across QLD, NSW and Victoria. Picture: Richard DobsonSource:News Corp Australia
ONE in five Queensland buyers were first homeowners in January, with the state pulling above national average and leading the east coast.
Latest housing finance figures from the Australian Bureau of Statistics found first homebuyer levels were now at a five-year high — led by high levels in Queensland, the Northern Territory and Western Australia.
Housing Industry Association economist Shane Garrett said nationally 18 per cent of January property buyers were first homeowners.
“This is the highest monthly share in over five years.”
New build numbers have been helped along by first time buyers.Source:News LimitedNew build numbers have been helped along by first time buyers.Source:News Limited
Mr Garrett said the pick-up was also down to intervention by both the New South Wales and Victoria whose FHB grants were increase last year and more stamp duty concessions put in.
“The experience of the past year proves that governments can play a very positive role in bringing home ownership within much closer reach for younger Australians.”
FIRST HOMEBUYER PARTICIPATION RATE:
Northern Territory 26.8 per cent
Western Australia 25.2 per cent
Queensland 20.5 per cent
Victoria 19.1 per cent
ACT 18.1 per cent
New South Wales 13.9 per cent
Tasmania 14.5 per cent
South Australia 13.1 per cent
(Source: ABS/HIA, January 2018)
