A new reporting method, announced by the ABS last week, revealed there are 26 per cent more first home buyers in the market than had been previously claimed.

ljgrealestate

The Australian Bureau of Statistics has admitted a 26 per cent error in its first home buyer statistics, potentially adding fuel to the regulator’s concerns about investor lending.

A new reporting method, announced by the ABS last week, revealed there are 26 per cent more first home buyers in the market than had been previously claimed.

The latest housing finance figures had put the number of FHB loan commitments at 6,061 as of November 2014.

However, the revised figures put the number of commitments at 7,627, up 26 per cent.

The ABS has released an information paper detailing changes to its method of estimating loans to first home buyers.

This follows the ABS investigation of the accuracy of estimates for FHB loans.

The investigation revealed a degree of under-reporting by some lenders on loans to first home buyers. This was because some lenders were not including figures for first home…

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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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One Response to A new reporting method, announced by the ABS last week, revealed there are 26 per cent more first home buyers in the market than had been previously claimed.

  1. Pingback: A new reporting method, announced by the ABS last week, revealed there are 26 per cent more first home buyers in the market than had been previously claimed. | ljgrealestate

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