Tasmanian property sales are levelling out and first home buyers are continuing to drop, according to the latest property figures.
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The Real Estate Institute of Tasmania today released its quarterly report for March.
It shows property sales have levelled out across the state after a bumper start to the year.
REIT president Adrian Kelly said the report shows first home buyers were dropping off, and there was a need to keep the First Home Buyers grant.
``The number of first home buyers continues to dwindle across the state, now accounting for just 17 per cent of house sales,'' Mr Kelly said.
``Removing the grant come July 1 is likely to only make this situation worse,'' he said.
Mr Kelly said Tasmania saw a 4.6 per cent decrease in house sales for March, but a yearly improvement by almost 15 per cent compared to last year.