Australia’s first home buyers are still taking out loans as property investors step back, data shows

Exclusive: New entrants the only cohort making more loan applications amid interest rate rises and tax changes, mortgage broker says

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First home buyers are still taking out a large number of loans, with government backing, even as investors step back from Australia’s property market.

New entrants are now the only cohort applying for more loans than they were in June, according to new data from Loan Market, the mortgage broking company.