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lispingduck

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20/02/18

21:55

Post #: 31203034
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Originally posted by rona142 ↑

I still wonder how much of the first home buying hitting the stats now is actually people buying now vs properties they bought off the plan 1-3 years ago settling. It would be interesting to see the breakup of lending to existing properties vs new builds for first home owners. Where I am in Sydney a lot of projects which only required an initial upfront deposit have been completed in the last 6 months and a fairly large portion of those properties are owned by first home buyers.

As a result they haven't actually bought at the top of the market many would be sitting on properties which have risen 10-25% before they even settled.

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This might answer some of your questions on what made up the numbers.
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