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Reserve Bank Eases Lending Rules to Boost First-Home Buyers from December

2 hours ago | 33 views

The Reserve Bank is easing Loan-to-Value Ratio (LVR) restrictions, allowing commercial banks to increase lending to home buyers with smaller deposits from 20% to 25%, benefiting mainly first-home buyers. Additionally, lending to property investors with deposits under 30% will rise from 5% to 10%, reflecting increased banking system resilience due to prior debt-to-income restrictions. Finance Minister Nicola Willis welcomes these changes, which take effect on December 1, as they improve opportunities for young families to enter the housing market.

Tags: Nicola Willis Reserve Bank LVR restrictions commercial banks DTI restrictions property investors home loans