First home buyers are ramping up their activity in Tasmania.
The number of first home buyers taking out home loans in Tasmania increased by 11 per cent to 1762 in the year to July, state Treasury analysis of Australian Bureau of Statistics figures showed.
That increase (175 commitments) more than outweighed a slight decline in commitments by non-first home buyers (down by 0.5 per cent, or 51 commitments) to 10,624.
Both types of buyers averaged significantly bigger loan sizes than in the previous year.
The average home loan for first home buyers increased by 7.2 per cent , to $254,000.
The average for other buyers increased by 8.4 per cent, also to $254,000.
Despite the increases, average Tasmanian loans remained relatively cheap by national standards.
National loan size averages were $333,000 for first home buyers and $400,000 for other home buyers.
First home buyers accounted for 14.2 per cent of Tasmanian home loan commitments during the year, up from 12.9 per cent in the previous year.
Their national share went from 13.9 per cent to 17.7 per cent.