17 Aug 2021

First home buyers fear deposits getting further out of reach

From Checkpoint, 5:26 pm on 17 August 2021

Those in the market for their first home will need to stump up tens of thousands of extra dollars when lending is tightened to those with low deposits.

The Reserve Bank is halving the amount of low-deposit lending banks can do.

CoreLogic has crunched the numbers to see how hard that will hit first home buyers.

Amy Williams reports.