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1.Market Observations, 8.Was Sticky

10 Aug 2017 (AFR) – Housing finance shows pickup by first home buyers and investors in June

(10 August 2017, AFR, p8, by Michael Bleby)

‘First home buyers prepared for stamp duty exemptions in June by pushing their new home loan commitments to a two-year high, official figures showed on Wednesday. Ahead of the elimination of stamp duty charges on lower-priced properties in NSW and Victoria from July 1, the first home buyer share of home loans rose in June to 15 per cent of the total – the highest in more than two years – from 14 per cent in May.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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