First Home Buyers Increase Activity as Investors Retreat

New data shows that first home buyer loan applications rose by 10% in early August, making them the only cohort increasing their lending activity. Conversely, investor lending fell by almost 9% in the June quarter.

This shift could create a more accessible market for first home buyers in Melbourne's western growth corridor, as reduced investor competition eases pressure on established homes. Investors may pivot towards new builds or reassess their strategies in the current climate.