Fresh data on the housing market might be a sign the Government's intervention was on the right track
Fresh data on the housing market might be a sign the Government's intervention was on the right track
18 May 2021
A CoreLogic report reveals first home buyers made up just 21.5 per cent of the market, in the first quarter of the year.
It's a 3.3 per cent dip from six months ago, and the lowest rate in three years.
In March, the Government extended the bright-line test and closed tax loopholes for landlords.
Chief Property Economist Kelvin Davidson says the moves should open up opportunities for first-time buyers.
He suspects first home buyers' share of the market will improve over the next few quarters - as investors find it harder to make the figures stack up.
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