First Home Buyers Rush Back To The Property Market

6 December 2008

In the article published in Business Breaking News (online) today, Australian mortgage broker AFG said its Mortgage Index shows that the volume of loans arranged by AFG for first home buyers has increased by 120 per cent in three months.

It said that in November it arranged $474 million in home loans for first time buyers. This compares to the $215 million it arranged for first time buyers in August.

AFG general manager sales and operations, Mark Hewitt, said that in many ways there had never been a better time to buy a first home.

"Mortgage repayments are significantly lower than they've been for a long time and may go even lower,'' he said.

"Property prices in many areas have become more affordable buyers are keen to take advantage of generous government incentives while they're still on the table.''

This article was sourced from Business Breaking News on www.newsonline.com.au, 8 Dec 08

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