Broker (121 items)

AFG's 'new normal' sees first home buyers, investors locked out

David Bailey, AFG’s chief executive officer, said regulatory intervention in 2017 and tightened lending criteria appear to have established a ‘new normal’ for the market. “Investors are sitting steady at 28 per cent of lodgements, first home buyers have been at 13 per cent for the past four consecutive quarters, [with] refinancers at 22 per cent and upgrader categories at 43 per cent,” said Bailey. read more

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