The most significant affordability improvement in the regions was Northland which had a 11.5 per cent improvement and Taranaki with a 7.5 per cent improvement. Despite these improvements, national.
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FHB activity falls despite improvement in affordability Housing affordability pressures have eased but first home buyers have not reaped the rewards, according to new research. June 05, 2019
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First Home Buyer (FHB) activity is relatively low, but this is consistent with the national trend and levels have risen slightly between 2015 and 2017. KEY INDICATOR 3 – DEMAND – SLIGHTLY POSITIVE
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competing for the more affordable properties with attractive yields. Except for Tasmania, investor activity weakened through 2017 in all states, and in December quarter 2017 was lower than the same quarter a year earlier. This is likely to have made room for the rise in first home buyer demand evident in 2017.
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Overall, housing affordability at the national level deteriorated slightly in the final quarter of 2015. RBC’s measure for the aggregate of all housing types rose by 0.6 percentage points to 46.7% (an increase represents deterioration in affordability).
"This likely reflects the improvement in affordability brought about by price declines," the analysts added. The rise in first home buyer (FHB) activity was also cited, with FHB market share increasing from 15.3 as at 31 March 2018 to 18 per cent in the month ending 31 March 2019, according to the latest data from the Australian Bureau of Statistics.
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Dwindling first-home buyer activity is a threat to the property market, property analytics firm warns dwindling first-home buyer activity is a threat to the property market, property. Hot spots, market news and
2 Myths Holding Back Home Buyers 2 Myths Holding Back Home Buyers June 10th, 2019 | Buying Myths , Down Payments , First Time Home Buyers , For Buyers , For Sellers , Housing Market Updates , Move-Up Buyers | Freddie Mac recently released a report entitled, "Perceptions of Down payment consumer research."