Most first-time buyers are purchasing on their own

OVER half of all first-time buyers are now buying on their own, according to a recent national survey by the Real Estate Alliance.

Interviews of 500 clients in a network of offices across the country gives an interesting and fairly accurate picture of the property market at the moment.

Not surprisingly, the first-time buyer has retreated from its former dominant position to 30% of the current market, with the trader-upper holding top position at 35%.The final segment is held by the investor, who, at 28% is using the downturn to increase property portfolios.