First-time home buyers are poised to lead the Australian real estate market in the coming year, and no where is that activity higher than in Western Australia.
Data from finder.com.au, a property comparison website, shows that 90 per cent of first home buyers in WA made it their New Years' Resolution to purchase a property during 2014.
These figures make sense, as data from the Australian Bureau of Statistics (ABS) illustrates that WA has more first home buyers than other states in proportion to the number of mortgages.
What's more, WA first home buyers are also more willing to obtain home loan advice from family and friends. Additionally, first home buyers in WA are also more enthusiastic to invest in property, with half of all respondents saying they plan on investing in a purchase.
If WA first home buyers are open to advice and looking to invest, all signs point to real estate in Bunbury.
Drew Cary, spokesman for the Real Estate Institute of Western Australia, recently told the Bunbury Mail that even real estate agents themselves are buying property in the area.
“The people who should know what they are doing are putting their money where their mouth is," Mr Cary said.