A record surge of first-home buyers are in the market as prices come down.
CoreLogic data shows people looking to buy their first home accounted for 27% of all purchases in the past three months.
Despite stretched affordability, high interest rates, and cost of living pressures, first-home buyers still want a 'foot on the ladder'.
CoreLogic Chief Property Economist Kelvin Davidson told Kerre Woodham that while their market share is at a record high, the number of deals overall is not.
He said that it equates to four and a half thousand deals in the third quarter, which is still a good number even if it’s not a record high.
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Kerre Woodham Mornings Podcast