First-home buyers take over Melbourne property market | LMG


Melbourne’s property market is shaking off its winter lull, with auction numbers steady on last year and a flood of first-home buyers reshaping the city’s spring selling season.

New figures from Loan Market Group show Victoria has become the nation’s undisputed first-home buyer capital.

The state accounted for 39 per cent of all loans written for new buyers in June, with applications up more than a third over the past year.