Tony Alexander

Economic Commentaries

The full pdf version of the Weekly Overview is contained here.

First Home Buyers Disappear

Thursday November 14th 2013

The introduction of credit controls on lending to people with deposits below 20% of a house’s value has resulted in a net 78% of the 250 licensed real estate agents replying to this month’s survey saying that they are seeing fewer first home buyers than in the previous month. The result a  month ago was a net 41% seeing fewer and back in September before the rules became effective a net 24% of agents were seeing more.

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