First-home buyer activity is slightly above its historical average, according to the latest data from the Australian Bureau of Statistics.
Owner-occupiers took out 26,979 new loans (i.e. excluding refinancing) in September. Of those, 8,485 were for first-home buyers, which means their market share was 31.5%.
Since the ABS started measuring loan numbers for owner-occupier first-home buyers in 2004:
- Their average market share has been 31.0%
- It has fallen as low as 22.4% (in 2015)
- It has climbed as high as 49.1% (in 2009)