FHBA Market Update – 2017 looking tough for FHB’s

Welcome back to the weekly FHBA Market Update. This is our first edition of 2017. The new look FHBA Market Update is a great source of information to keep you informed with market conditions and news that effects first home buyers. If you only have time to read one property article per week then this is the article need to stay informed.


News affecting first home buyers

Here are the top stories affecting first home buyers at the moment:

FHBA on Twitter

Another #OutOfTouch pollie-@Barnaby_Joyce did you know you need stable employment to get a home loan? #FHBA #Auspol https://t.co/foXu9rOwc4


Capital City Price Movements

The CoreLogic RP Data Daily Home Value Index (source: https://www.corelogic.com.au/research/rpdata-corelogic-home-value-index.html):

  • Adelaide – 474.76 (Qtr + 1.49% / Yr + 4.84%)
  • Brisbane – 549.82 (Qtr + 0.81% / Yr + 4.77%)
  • Melbourne – 872.79% (Qtr + 2.76% / Yr + 12.35%)
  • Perth – 582.61 (Qtr + 2.73% / Yr – 3.33%)
  • Sydney – 1064.99 (Qtr + 2.67% / Yr + 15.84%)

Interest Rates Update

In recent week’s many banks have raised interest rates on a range of home loan products independently of the Reserve Bank of Australia (RBA). Unfortunately, interest rates on savings accounts have not improved.


New Homes of the Week

Last week our FHBA New Homes of the Week segment returned. As it was Australia Day last week the edition focused on great Aussie homes for first home buyers. All of the 5 homes around Australia are priced under the threshold for eligibility of the First Home Owners Grant (FHOG).

See this week’s best first home buyer homes


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