Mortgage brokers seeing fewer investors and first-home buyers

Loan Market mortgage broker Bruce Patten.

Wed, 31 Mar 2021

Mortgage brokers say fewer property investors are in the market since the government announced its latest housing policies but they are also reporting first-home buyers are backing off too.Economist Tony Alexander's latest survey of 71 mortgage brokers found a net 3% said they are seeing more first-home buyers, down from 19% in February and 33% in January.Alexander said this can be called a trend now but "comments submitted by advisers indicate that a high degree of FOMO – fear of missing out – and angst still exists amongs...

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