Brokers will lose the incentive to sell customers larger-than-necessary mortgages, among other proposals
Overall, lending to this cohort continues to slide as a share of total new lending, according to the ABS
While changes to stamp duty have helped, affordability is still an issue
Foreign buyers make account for up to 13% of all home purchases in 2015-2016
Australians would likely take advantage of lower apartment costs and rents.
First-time home buyers are facing less competition as investors bear higher interest rates.
New South Wales and Victoria had the largest increases in the number of first-home buyers entering the market
APRA’s most recent crackdown on new interest-only mortgage lending has nearly halved the market