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, first home buyers (FHBs) remain a strong force with 26% market share. Their secret weapon is low deposit lending, enabled by Loan-to-Value Ratio (LVR) rules.
According to Cotality, nearly six in 10 FHBs are successfully securing loans with less than a 20% deposit. This allows them to enter the market sooner. Other trends show relocating owner-occupiers ('movers') returning, while more borrowers are 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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