of last year's interest rate rises began to recede.
market in March. That was the highest level since April 2006, the month before the first of three interest rate increases.
However, market than in the late 1990s and early 2000s.
was a record $231,600 up $105,700 since the start of 2001.
Reflecting that increase, the share of first-time buyers has last year.
market.
first-time buyers to be sustained.
"We have seen before, however, that improvement in the in the current climate of record low housing affordability.
"
Across Australia, loans approved to all owner occupiers rose a seasonally adjusted 1.3 per cent in March to 63,335, the ABS data released yesterday shows. This was slightly below economists' forecasts.
In Victoria there was a 0.4 per cent dip to 14,156 after four increase in lending for the third straight month.
March after a climb in recent months.
highest monthly level since November 2003. But in March the value cent from February to $6.3 billion.
In trend terms, however, it was up slightly.
"While housing-related finance to investment purposes fell, this solid increases," JPMorgan economist Jarrod Kerr said in a report.
financing as the recent uptrend in rents, coupled with a more moderate pace of house price appreciation, has generated an attractive gross rental yield.
"
year, with the Reserve Bank tipped to keep interest rates on hold, and in a climate of rising wages and tight labour markets.
moderate in the next two years but remain solid. The value of total $72 billion in 2008.
He's a bona fide Hollywood star, and Steven Spielberg and Brad Pitt are among his fans, but what Eric Bana treasures most is his life as a suburban dad.
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