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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Fewer FHB seek finance

By Staff Reporter
27 October 2009 | 1 minute read

First home buyers have officially started to pare back, with mortgage brokers noticing a dramatic drop in the level of enquiries.

Mortgage Broker Loan Market Group has seen a 26 per cent drop in the number of enquiries from first home buyers since the grant was reduced.

Mr Rushton believes tougher lending criteria by the major banks has made it more difficult for some first time buyers to get into the market.

He also said the expanded grant scheme had been crucial in cushioning the Australian economy from the worst of the world’s economic woes.

“Overall, the expanded grant scheme provided a core foundation for the property market,” he said.

“It helped cushion it from the dramatic downturn some overseas property markets experienced.

“One of its greatest legacies was that it generated a lot of confidence in the market which should remain stable despite the inevitable upward movement in interest rates from near record lows.”

Fewer FHB seek finance
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.