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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.
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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.
