Spike in first home-buyer mortgage enquiries
Government concessions and falling property prices have sparked a “huge spike” in interest from first home buyers, as measured by hits on the website of independent mortgage broker Loan Market Group.
Website traffic from first home buyers in the first three weeks of October surpassed hits in the same periods last year by 5,700 per cent, according to chief executive Jennifer Nielsen.
She added that direct enquires from first home buyers to brokers had also risen by almost 300 per cent in the period compared to last year.
“There was very little interest from first home buyers during September, but now brokers and property related websites, including our own, are being flooded with interest from these sources.
“The Federal Government’s move to double the first home buyers grant has clearly had a dramatic impact and it comes with a downward move in interest rates,” she said.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
