Ooba CEO believes that slow house price growth is good news for first-time buyers.
According to ooba Home Loan’s Q1 2023 oobarometer, the average purchase price for first-time buyers only increased by a mere 0.4% from Q1 2022.
“Slowing house price inflation means that properties are becoming more affordable, relative to household incomes,” Dyer said. Despite the market favouring first-time buyers, buying activity remains strong in the middle and higher ends of the market.
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