Bloxham, Paul; McGregor, Daisy; Rankin, Ewan - In: RBA Bulletin (2010) June, pp. 1-5
dwellings, change ownership each year. In 2009, first-home buyers accounted for an unusually large share of this turnover …, although this share has since declined. As first-home buyers make greater use of mortgages to fund purchases than do repeat … buyers, this shift in the composition of turnover helps to explain the recent divergence in movements in housing prices and …