Articles tagged with Lvr Restrictions

Agriculture (29) Animal Welfare (1) Business (15) Culture (11) Defense (1) Economy (14) Education (56) Employment (37) Energy (21) Environment (55) Finance (37) Government (11) Health (148) Housing (7) Immigration (13) Infrastructure (13) Law (58) Politics (154) Real Estate (9) Safety (1) Science (8) Social Welfare (7) Sports (5) Tax (3) Technology (24) Tourism (10) Trade (13) Transport (60) Urban Development (1)

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