Tasmanian first home buyers dwindling

Tasmanian property sales are levelling out and first home buyers are continuing to drop, according to the latest property figures. 

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.


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