First home buyer activity rising

With housing affordability a hot topic of late, it's interesting to note that first home buyer activity has now increased for five consecutive months.

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The latest Australian Bureau of Statistics data shows the number of new home loans taken out by owner-occupier first home buyers was:

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* Jul-23 = 8,817 loans

* Aug-23 = 9,213

* Sep-23 = 9,328

* Oct-23 = 10,041

* Nov-23 = 10,395

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First home buyer activity is currently above average: over the past decade, an average of 9,024 owner-occupiers have signed up for new home loans each month.