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What is Decline of First Home Buyers in Australia about?

- First home buyer activity has declined significantly, particularly in NSW, Victoria, and Queensland, while other housing segments have increased. - This is largely due to the "shadow effect" of earlier pull-forwards in first home buyer activity associated with changes in government assistance programs. These pull-forwards depleted the pipeline of potential first home buyers, which can take over a year to rebuild. - Weak first home buyer activity in these states is likely to persist into 2014 as the pip

Author

leithvanonselen

Language

EN