Friday, December 2nd, 2011
First homebuyers are returning to the market but not putting the deposit down just yet, figures from the latest Your Mortgage Index suggest.

Compiled from user activity statistics from independent mortgage comparison website, the Your Mortgage Index shows a sharp increase of over 15 per cent in the proportion of enquiries from prospective first homebuyers during the month of November compared to the same period last year.

There has also been a small rise in the proportion of enquiries for introductory rate loans, an indication that new borrowers are being drawn to the tempting honeymoon rates currently available.

Looking across Australia, enquiries are up just over 2 per cent in Queensland, a positive sign for the sunshine state after a rough year.

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Launched in 1995, provides daily updated interest rate information to Australian home and investment borrowers to assist them in finding the loan that suits their needs. Attracting 190,000 visits per month, is a one-stop resource for home buyers and property investors seeking the latest property news, free reports, price comparisons and loan calculators. features more than 1,400 Australian home and investment loan products from over 80 lending institutions. In addition, users can access exclusive video interviews with industry leaders on Your Mortgage TV, and join the latest discussion on the Your Mortgage forum.
Kerry Corben
P: 02 8437 4797


Your Mortgage Index,, home loan, first homebuyer, property, Australia



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