Where First Home Buyers Are Buying
New data shows where first home buyers are buying homes.
Housing Australia's annual Home Guarantee Scheme Trends and Insights Report FY2023 shows in New South Wales, most first-time buyers purchased in Sydney's southwest. The 2170 postcode, which includes Liverpool, Casula and Warwick Farm had 166 buyers through the scheme.
In Melbourne, the 3064 postcode which includes Craigieburn, Donnybrook and Mickleham (177) in the outer north was most popular with buyers.
Mackay (286) in regional Queensland had the most purchasers in that state and in all of Australia.
South Australia’s Smithfield had 55 sales, while Armadale in Perth had, 219. In Tasmania Devonport and Burnie both had 35 buyers each.
In the Northern Territory, Zuccoli (80), had the highest number of buyers and in the ACT, Weston Creek (67) was most popular.
PropTrack senior economist Angus Moore says first-home buyers are particularly constrained by financing conditions.
“The data shows us that they're mostly buying in these outer suburban, more affordable areas,” he says.
