NAB’s most recent survey found that first-homebuyers saw the largest increase in lending during the three-month period ending October. What post codes saw an increase of activity from this segment

Andy Kerr, NAB’s executive for homeownership is NAB has witnessed a rise in this market, which suggests that many first-homebuyers have made progress towards their goals. 

He stated that historically low interest rates have helped support demand. More government support like HomeBuilder or the First Home Loan Deposit Scheme has also been helpful.  FHBs saw a slight dip in property prices. This helped them because many plans were put on hold by COVID-19’s uncertainty. Investor demand was decreasing.

The low-rate environment would guarantee that there will be an increase in first-homebuyers on the housing market. 

He stated that “we anticipate this demand to continue well into 2021” as renting is more affordable than buying for many homebuyers. 

These data show which areas homebuyers prefer when purchasing their first home. 

Queensland experienced the strongest growth in first home buyer lending activity with 39% increase over the three-month period. Western Australia was in second place with 37%. 

Other states, aside from Victoria and Tasmania, saw activity that was still high. Notably, even the weakest states saw growth of first-home buyer lending at 3.3% 

NAB data supports this shift to regional areas. The first-home buyer activity in Australia increased by 44% in regional markets. With 57%, regional New South Wales had the highest gain. 

These are the areas with the highest proportion of first-home buyers.

NEW SOUTH WALES

Greater Sydney

  • 2127 – including Newington +70%
  • 2150 – including Parramatta +66%
  • 2174 – including Abbotsbury +157%
  • 2560 – including Campbelltown North +48%
  • 2570 – including Camden & Oran Park +38%
  • 2747 – including Llandilo & Cambridge Park +54%
  • 2750 – including Penrith +68%

Outside Sydney

  • 2259 – including Wyong (Central Coast) +111%
  • 2287 – including Wallsend (Newcastle) +65%
  • 2444 – including Port Macquarie +143%
  • 2478 – including Ballina +148%

VICTORIA

West of Melbourne CBD

  • 3217 – including Armstrong Creek +97%
  • 3216 – including Waurn Ponds & Belmont +56%
  • 3338 – including Melton South +38%
  • 3029 – including Tarneit & Hoppers Crossing +22% (postcode with most lending to FHB in the state)

East of Melbourne CBD

  • 3196 – including Chelsea and Edithvale +60%
  • 3175 – including Dandenong +50%
  • 3174 – including Noble Park +32%
  • 3978 – including Clyde +32%
  • 3810 – including Pakenham +27%
  • 3977 – including Cranbourne +23%

QUEENSLAND

South-east

  • 4118 – including Browns Plains (Logan City) +106%
  • 4209 – including Coomera (Gold Coast) +94%
  • 4300 – Greater Springfield (Ipswich) +67% (most lending)
  • 4305 – Central Ipswich +93%
  • 4306 – including Karrabin (Ipswich) +58%
  • 4509 – including North Lakes (Brisbane) +99%

North and west

  • 4817 – including Hervey Range and Bohle Plains (Townsville) +64%
  • 4825 – including Mount Isa +115%

WESTERN Australia

Perth

  • 6061 – including Nollamara & Mirrabooka +107%
  • 6062 – including Morley +78%
  • 6107 – including Cannington +63%
  • 6110 – including Huntingdale +91%
  • 6112 – including Armadale +63% (most lending)

Regional

  • 6430 – Kalgoorlie +62%
  • 6530 – Geraldton +117%

SOUTH AUSTRALIA

Adelaide

  • 5085 – including Clearview and Enfield +52%
  • 5086 – including Oakden and Hillcrest +51% (most lending)
  • 5108 – including Salisbury +68%