Queensland first home buyers are back at it again

22nd Mar 2013

They have been keeping quiet for the past two years but as soon as conditions improved they’re back, and no, we are not talking about some biennial plant, we are talking about Queensland first home buyers. It is official, the numbers don’t lie, they are back.

Of the 8257 properties financed in April across the state, 1636 were purchased by first home buyers. That figure is up a whopping 35% from the same time last year, showing how the market has changed.

The rise has been put down to a combination of lower interest rates and the $7000 First Home Owners Grant as well as the stamp duty concessions of up to $15,000, which are all incredibly attractive propositions for first home buyers.

So if you have been putting off getting on the property ladder then now is the time to put your foot on the first rung. Do it now before more previously reluctant first time buyers realise that the market has changed as the longer you wait the more the prices will go up, the old adage of supply and demand rules and as soon as demand increases supply will decrease, driving up prices, so get out there now and sign on the dotted line.