Property buying on the rise

A property expert on Sunday said despite tighter lending requirements, the number of first time home owners has risen. 

First National Bank (FNB) home loan strategist John Loos, believes more young new buyers are entering the market. 

He said this trend has grown in recent years. 

“First time buyers have come to the market in bigger numbers, and if we look at our state agent survey. First time buyers have a percentage, total buyers have risen quite significantly and now are about 20 percent. So it can’t entirely be that tough …” he said.

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