Victorian first home buyers hit two-year high

Australian Property Home Loans Director Adele Andrews said she’d seen a huge increase in first-home buyers entering the market this year.

Ms Andrews said prospective first-time purchasers had begun adjusting to the higher costs of living and the current interest rate environment in the past six months.

“People have got their heads around these changes (and) maybe even readjusted their expectations to what they thought they were going to get,” she said.