Home Loans & Mortgages

First home buyers increase mortgage home loan approvals 10% as first home buyers grab home buying bargains.

In the US the average first home buyer is 44 and in Australia it was approaching 38 years old, but recently fell as a boost to the First Home Owners Grant spurred many young people to build new homes in 2009. Later figures are yet to be freely available, but I suspect that this has forced younger people into buying sooner and this would have meant that we are now in the zone wherehomebuyers are again creeping to 40 year old age bracket.
In the UK the figures in a survey showed 20% of potential first-time buyers expect to be 40 years old before they buy their first house.

The Housing Industry Association says that new home construction and home sales dropped 0.8 per cent last month due to a big drop in the sale of units. The Housing Industry Association (HIA) says that new home construction and sales dropped 0.8 per cent last month due to a big drop in the sale of units and [...]

House prices are fast becoming out of for most first time home buyers. Debate is raging in the community about housing affordability and the official statistics show first-home buyers today are faced with fewer choices than their parents. The State Government has offered some mortgage duty relief to homebuyers . In a bid to counter [...]

Loan application rates of the US and Australia are trending up In the US improving predictions and mortgage loan applications moving up with new home sales on the rise. Australia is seeing home prices rise again and moves to address the housing shortage. Australian interest rates increased as the economy in danger of over-heating Australia had [...]