First Home Buyers Bounce Back on Stamp Duty Concessions in Vic and NSW

The latest data from the Australian Bureau of Statistics (ABS) shows that there has been a rebound in owner occupier first home buyer housing finance commitments.

In August 2017, there were 10,227 owner occupier first home buyer finance commitments.  The 10,227 commitments was the greatest number since December 2009 and it represented 17.2% of all owner occupier housing finance commitments, its highest proportion since July 2013.

A big driver of the surge in first home buyer housing…