Feature article
Shifting tides: lower interest rates begin to fuel a hotter lending market
Drawing on expert analysis from Cotality’s Kelvin Davidson
AI summary
Lower interest rates are fueling a hotter lending market, according to Cotality economist Kelvin Davidson. New mortgage lending is rising, with First Home Buyers (FHBs) a major driving force.
Banks are showing more flexibility, with nearly 46% of FHBs in April securing loans with less than a 20% deposit. Lending at higher loan-to-value (LVR) and debt-to-income (DTI) ratios is also increasing. While money is available for qualified buyers, the housing recovery may remain subdued until the economy improves.
The Domino Effect of Rate Cuts
Lending Volumes on the Rise
First Home Buyers Seize the Opportunity
A Clear Shift in Lending Attitudes
What This Means for You
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