New research announced today by specialist lender, RAMS Home Loans suggests that the vast majority of people looking to buy their first home would still be in the market regardless of the First Home Owners Grant (FHOG) Boost even if interest rates were higher than at present.

According to RAMS First Home Buyers’ Pulse Check, less that 40% of people looking to buy their first home in the next 12 months are trying to secure a property before the Home Owners Grant Boost ends on 31 December 2009. What’s more, only one in five (21%) suggested their search for a first home was reliant on interest rates remaining at the low levels we have had since February.

RAMS Head of Brand and Marketing, Lynne Wyatt was encouraged by the findings. “Earlier this year we saw an unprecedented number of first home buyers entering the market. At RAMS the number of first home buyers settling loans peaked in May. Since then we have seen their numbers return to a more sustainable level as the pent up demand of the last few years has been satisfied.
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