Interest rates have dropped, Reserve Bank changes to LVR read on....
Another First Time Home Buyer
In the evolving property market, recent developments point to a potential revival.
The Reserve Bank's decision to ease LVR restrictions benefits first home buyers by allowing banks to lend 50% more to those with less than a 20% deposit. Investors also gain an increased loan-to-value ratio from 60% to 65%.
The relaxation of CCCFA legislation offers banks greater lending flexibility. Moreover, select banks have lowered fixed-rate options, enhancing borrowing attractiveness. Promisingly, property prices are firming, with robust sales activity surpassing expectations.
To navigate these favourable changes and secure optimal lending options, chatting to me as a mortgage broker is crucial.
Being an experienced mortgage broker, I can provide insights, keep you informed about market trends, and tailor solutions to your needs, maximizing opportunities in the ever-evolving property market.