Feature article
6 in 10 first home buyers are cracking the market with a low deposit
20% deposit standing between you and your first home? The latest market insights might make your day.
AI summary
Despite a slight dip in market share, first home buyers (FHBs) are successfully entering the property market. Cotality data shows nearly six in ten FHBs secure a loan with less than a 20% deposit.
This is possible due to bank allowances under the Loan-to-Value Ratio (LVR) rules, enabling many to buy with a 10-15% deposit. The market is also seeing a return of relocating owner-occupiers and a trend towards borrowers locking in longer-term fixed mortgage rates.
The secret weapon: Low deposit lending
Movers are making a comeback
Locking it in for longer
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