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
First home buyers are successfully entering the market with low deposits, according to Cotality data. Nearly six in ten FHBs are securing loans with less than a 20% deposit, taking advantage of bank allowances under Loan-to-Value Ratio (LVR) rules.
This strategy allows buyers to act sooner in a favourable market. Other trends show relocating owner-occupiers are returning, and more borrowers are fixing mortgage rates for longer periods to secure their financial positions.
The secret weapon: Low deposit lending
Movers are making a comeback
Locking it in for longer
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