That is certainly the situation according to Terry Ryder from Hotspotting who believes that First-Home Buyers (FHBs) are expected to re-enter the market in numbers soon. The Housing Industry Association says the current low First Home Buyers share of the owner occupier market is a temporary phenomenon. The HIA says factors keeping First Home Buyers out of the market include the age structure of the population, labour market weaknesses and FHB caution in entering a recovering market. Australian Bureau of Statistics data showed the November market share was the lowest since statistics based on mortgage lending volumes began in 1991.

Viewing a property that could become your new home can be an adrenalin charged experience – particularly in a market that’s moving fast. In some areas it’s not uncommon to find tens of other budding buyers viewing the same place and this can create real pressure when you find a place you want but to ensure that you really are buying your dream place, and not a lemon, you have to make sure that you check out the smaller details and not just look at the bigger picture. Step-by-step strategy One practical tactic for keeping your feet on the ground