First home buyers like South Australia

First home buyers in South Australia are finding it easier to break into the property market than buyers in other regions according to the Australian Bureau of Statistics.

At a national level, first home buyer activity continues to fall to 12.5 per cent of total finance commitments in September from 13.7 per cent in August and a 12 month average of about 15 per cent.

In South Australia first home buyer finance commitments account for 17.7 per cent of total finance commitments with a 12 month average of 18 per cent.

John Oliver, CEO of HomeStart said: “Assistance that’s been available through government grants, particularly for construction, has stimulated first home buyer activity.”

“For 2013, the monthly average of first home buyer finance commitments sits at $581, compared with the 20 year average of $618,” he said.

Source: Broker News

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