The Age --- Page: B1 : 15 May 2007 Original article by Ben Schneiders
ABIX Summary
Data from the Australian Bureau of Statistics show that more first-home buyers are entering the residential property market. First-home buyers accounted for 18.2 per cent of the mortgage market in March 2007, after falling to a low of 17.5 per cent in 2006. Meanwhile, the average mortgage loan for first-home buyers rose to a new high of $A231,600 in March. However, lending for property investment fell by five per cent to $A6.3bn in seasonally adjusted terms, although there was a modest rise in trend terms.
