First home buyers are ‘FINALLY’ set to get the upper-hand

FHBA Market Update: 5 June 2017

Are first home buyers finally going to get the upper-hand in Australia’s tough property market?

There are plenty of positive signs to suggest the rise of the first home buyers is about to unfold and given our organisation’s goal is to help more Australians own their first home, we are very happy to see these changes on the back of our lobbying efforts.These positive signs include:

  1. Softening of property prices in many of our capital cities over the last few months;
  2. Slight decreases in auction clearance rates in recent weeks;
  3. Increased first home buyer government incentives for Australia’s two most expensive states, NSW and Victoria commencing from 1 July;
  4. A new national scheme to help Australians save a deposit sooner from 1 July (First Home Super Saver Scheme);
  5. Toughening conditions for local and foreign investors due to tougher lending rules and changes to several taxes

Everyone’s circumstances are naturally different, but we do hope more Australians will achieve their great Australian dream in the period ahead and we hope we can be a part of your journey with our market leading services first home buyers.

Enjoy reading the rest of our weekly FHBA Market Update!

First Home Buyer News

For other capital cities please see your local Domain article.

Capital City Property Prices Movement – as at 29/May/2017

Updated daily, The CoreLogic Daily Home Value Index show’s how property prices have been changing in our largest capital cities over the last 12 months:

  • Adelaide: 489.01 (Qtr + 2.5% / Yr + 3.4%)
  • Brisbane: 555.70 (Qtr + 1.3% / Yr + 3.8%)
  • Melbourne: 890.43 (Qtr + 0.2% / Yr + 11.8%)
  • Perth: 571.35 (Qtr – 0.2% / Yr – 2.0%)
  • Sydney: 1093.90 (Qtr – 0.6% / Yr + 11.3%)

(Source: CoreLogic)

Preliminary Weekend Auction Clearance Rates (03 – 04 June 2017)

Source: CoreLogic

Interest Rates Update: 5/June/2017

Tomorrow the Reserve Bank of Australia (RBA) will hold it’s June board meeting to review the official cash rate. Stay tuned to FHBA News tomorrow for their decision and how it impacts you.

New Homes of the Week (edition 57)

These are our top picks for First Home Owner Grant (FHOG) eligible properties this week! They are based in some of the more popular regional centres of Australia!

New South Wales new home of the week

Queensland new home of the week

South Australia new home of the week

Victoria new home of the week

Western Australia new home of the week

Rockhampton is home to our favourite Queensland new property this week

Tweet of the Week

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Written By,

First Home Buyers Australia

In May we launched brand new financial assistance for first home buyers called the FHBA 50 Rebate. Click to learn more about this cash rebate for first home buyers! 

First Home Buyers Australia
First Home Buyers Australia

Australia’s leading organisation specialising in assisting first home buyers achieve the great Australian dream of property ownership.