6 in 10 first home buyers are cracking the market with a low deposit

Struggling with a 20% deposit? New data from Cotality shows nearly six in 10 first home buyers are successfully entering the market with less. This is thanks to Loan-to-Value Ratio (LVR) rules allowing banks to approve more low-deposit loans.

First home buyers held a strong 26% market share in January. Other trends show relocating owner-occupiers ('movers') returning, and more borrowers are locking in longer-term fixed mortgage rates to secure their financial position.