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
New data from Cotality shows nearly 6 in 10 first home buyers are succeeding with less than a 20% deposit, using bank allowances under Loan-to-Value Ratio (LVR) rules.
This strategy allows buyers to purchase sooner in the current market. Other trends show a rise in 'movers' (relocating owners) and borrowers locking in longer-term fixed rates.
First home buyer market share remains strong at 26%, proving their continued impact on the property market.
The secret weapon: Low deposit lending
Movers are making a comeback
Locking it in for longer
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