Market Intelligence The media have this week reported a number of versions of what the Reserve Bank is proposing to do to the Loan to Value Ratio (LVR) and this has certainly created some urgency in the first home buyers and those considering that move. While nothing has been set in concrete it appears the buyers will have to have a higher percentage of deposit to purchase a home and the figures range from 10% to 20%. This will have an effect on that sector of the market with a smaller flow on effect through the price ranges as those sellers purchase up in the ladder. If you are on the market this again reiterates the importance of considering not only any offers presented to you on their merits but also the factors that may affect any potential future offers you may receive. Have a great week!
Posted on: Thu, 04 Jul 2013 06:49:44 +0000
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