Melbourne First Home Buyers Data Reveals The Most Popular Areas
The hottest areas
New first home buyers data has revealed where people are buying their way into the property market around Melbourne.
The number of loans for homes in Croydon is up 115 per cent and in Richmond, it rose 163 per cent.
Mount Waverley is up a staggering 180 per cent, while St Albans, Glen Waverley, Wollert and Glenroy have also been popular for first home buyers.
AB Executive for Home Ownership Andy Kerr spoke about Melbourne catching up to the property market.
"Melbourne trailed all other cities in first-home buyer activity last year due largely to COVID-19 impacts and we have seen an element of catch-up this year", he said.
Another 10,000 government-supported loans will be available on July 1.
"The combination of low interest rates and government incentives really helped give first home buyers a leg up," Mr Kerr said.
While government loans are giving first home buyers a hand, many are also receiving help from family.
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