Major Banks may reduce the deposit required for buying an Apartment. Currently a twenty percent deposit is required and this could drop back to fifteen percent. The focus of the move is on home ownership not investment and it should attract more first home buyers into the property market.
Tag Archives | first home buyers
The low end property market has experienced small increases in value growth so there’s an opportunity right now for first home buyers and banks are showing them how to prepare for a low deposit loan. Property investors are usually in the firing line for all the wrong reasons however the low property value growth is due to their higher than usual market share of low end property sales.