New research by RAMS Home Loans suggests the majority of first home buyers would remain in the market regardless of the FHOG Boost - even if interest rates were higher than at present.
According to RAMS First Home Buyers' Pulse Check, less that 40% of people looking to buy their first home in the next 12 months are trying to secure a property before the FHOG Boost ends at the end of the year.
And only one in five suggested their search for a first home was reliant on interest rates remaining at their current low levels.
Earlier this year an unprecedented number of first home buyers entered the market, said Lynne Wyatt head of brand and marketing at RAMS.
"Since then we have seen their numbers return to a more sustainable level as the pent up demand of the last few years has been satisfied," she said.
Wyatt felt the boost to the FHOG had acted as "a catalyst and an enabler" for many Australians, yet she expected to see first home buyer demand "continue for the rest of the year and well in to the next".
"The report's results suggest a real resilience amongst first home buyers," she said.
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RAMS makes new appointment - Specialist lender, RAMS Home Loans today announced the appointment of Tony MacRae as the new Head of Broker.
Faster processing: RAMS ditches paper - Following a trial period, RAMS Home Loans has moved to a paperless loan application process.





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14th, 2009
9:48am
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