We’ve seen a lot of change in the past quarter century! One of the biggest shifts in the housing market was definitely the clear divergence of the demand of first home buyers versus investors for properties.
Back in 1993, the split was fairly even at around the 20% mark but, as time passed, investors really stepped up their game while first home buyers dropped off quite significantly. In 2018, first home buyers are edging closer to the 20% mark, now sitting at 17.4% after a series of fluctuations. Investors have doubled their presence, sitting at 42.8%. This can largely be put down to housing affordability. Here’s a look at the stats mapped out.