Loans grow for 4th succesive month
First-home buyers are claiming a growing proportion of new home loans, thanks to lower interest rates and softer home prices.
First-time buyers accounted for a record 27% of all loan approvals in February, up from 26.5% in January, according to Australian Bureau of Statistics data.
Overall demand for home loans by owner-occupiers grew 0.4% in February, the fourth monthly increase in succession.
