‘Pent-up demand’: first home buyers chase more loans as property investors step back, data shows

First home buyers feel the sentiment has turned in their favour while investors feel it has swung against them, a property expert says. Photograph: Joel Carrett/AAP

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 the mortgage broker network Loan Market.