Where FHBs Are Buying

First home buyer activity is heating up with new entrants to the market rising.

Data from Loan Market Group shows the number of new entrants into the property market rose by 36% in June compared to the same time last year. Victoria, in particular, had had a spike in first-time buyers, according to LMG’s Ewen Stafford.

“This isn’t just a short-term bounce. It’s a sign that Australians are adapting to a new lending environment where affordability, confidence and strategy are beginning to find balance again,” he says.

First-home buyers now account for 13% of all new mortgage approvals (excluding refinancing). The data shows the regions with the highest number of first-time buyers with mortgage applications by dollar value are Melbourne’s eastern, inner and western suburbs, as well as Greater Brisbane, Coastal Sydney and Greater Western Sydney.

Mortgage approvals overall, not just first home buyers, are up by 5% in June.