Despite a drop off in activity, first home owners should not be underestimated as a strong area within the property market, an industry expert has said.
Ken Morrison, executive director of the Property Council NSW, says prospective first home owners will continue to be a large part of the property market, despite the Federal Government beginning to wind back its grants.
“They will be a force. Most people are experiencing some declines in the first home buyer’s market, but obviously that market will still exist.
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James was the editor and publisher of SmartCompany and LeadingCompany for five years. He is now the Australian Financial Review‘s companies & markets editor, and a former BRW editor.
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