The Return of Home Buyers to the Market

First home buyers have been hiding these past years because of the unstable status of property market. Based on the early results released home buyers are back in the market to help the initials signs of market recovery. It shows that the oversupply of homes may lessen and we are moving now in the right direction towards market boosting.

According to REIWA President David Airey explains, “First home buyers activity has been very strong, the level of discounting by buyers has flattened out and rental yields for investors to improve.” The estimated 28% of sales activity is very important because it was from the homebuyers. They key factors to increase homebuyers in the market are plenty of stocks, falling house prices and stable interest rate. REIWA expects that stringer signs of economy will emerge by nest year and the supply and demand reach a better balance.