FIRST HOME buyers are making up a large proportion of clients in the local market, which is inline with statewide and national data.
Australian Bureau of Statistics revealed they have comprised the largest proportion of national owner occupier mortgage activity since early 2012.
The data showed that first home buyers comprised 29.8 per cent of the national market, with NSW slightly less at 28.1 per cent.
Remax Elite director Dave Skow said the agency is dealing with a quarter to a third of first home buyers.
Mr Skow said the lower interest rates is likely the largest factor driving first home buyers into the market.
"We're probably in a city where the cost of rent is almost equal to the cost of mortgage repayment," he said.
"So what people are paying in rent, they could probably be paying off a mortgage for a similar level of property for a similar price per week and that's obviously due to the fact that interest rates are still so low."
Mr Skow said first home buyers have also become more "savvy" in recent years and understanding that they need to have a preliminary financial approval before entering the market.
"We're finding that most of the first home buyers we're dealing with are very well educated around the home buying process," he said.
"So, they're able to make decisions fairly quickly because they've put themselves in a position where they can act immediately."
CoreLogic property firm noted that additional incentives for first home buyers, such as the stamp duty exemptions or discounts as well as existing first home buyer grants, were factors contributing to these figures.
The First Home Loan Deposit Scheme goes live from January next year and is only granting 10,000 first home buyers each year.
Mr Skow said it will be interesting to see how much of an impact this scheme will have on the market.
"It is good in theory but we're really yet to see how it will play out in practicality," he said.
"I can see what the government is trying to achieve by implementing this; whether it works as well in real life as it does sound on paper, it will be interesting to see.
"I think anything to aid or promote or increase first buyer activity or first home ownership is a good thing."
Mr Skow said the scheme could add further "buoyancy" to the local market.
"We've got people at sort of the other end of their lives looking to downsize or sell out from a big house into a smaller home," he said.
"This is then making stock available for the younger first home buyers or the people taking their second step and is, therefore, freeing up that first home buyer stock for that first home buyer market.
"It helps maintain that cycle of people moving in and out through their specific stages of their home ownership lives."