Tag Archives | LVR restrictions

New LVR restrictions in 1 October

Banks have been given an extra month to process their back log of Pre-approvals therefore from 1 October all loans new and pre-approvals will need to adhere to the 60% LVR restriction rules. Yesterday the OCR moved to it’s lowest rate of two percent and the dollar rose more than a cent against the greenback. It could have gone lower too due to weak global conditions.

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First Home Buyer Learns From Investors

Into the lion’s den of PropertyTalk goes a prospective first home buyer. You may be thinking – it’s quite a brave move given PropertyTalk is mostly frequented by property investors and landlords. However this first home buyer has already learned a lot from the investors whom have replied and offered him various points of view and suggestions on how to secure a first home.

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