Making headlines today, The Australian Financial Review has reported that the average loan-to-value ratio is at its lowest in four years.
The flood of first home buyers and the effects of global financial crisis forced many lenders to tighten their maximum LVRs.
In February, The Adviser reported that no Australian lenders offer 100 per cent loan-to-value ratio (LVR) home loans.
Data from RateCity found that in mid-2008 more than 650 home loans offered a 100 per cent LVR.
RateCity also found only 20 loans offered 98 per cent LVR; while there were 89 loans offering 97 per cent LVR compared to 355 in 2008.