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  1. Dunger

    2007-2010 - FHBs - Purchasing Power

    There'd be less people renting due to the mass of FHBs last year, therefore increasing the vacancy rate and reducing pressure on rent increases. Add to that investors are expected to pick up where the FHBs left off, adding more rental properties to the market and removing more pressure on...
  2. Dunger

    2007-2010 - FHBs - Purchasing Power

    Westpac have decreased their LVR from 92% to 87%, adding $12,500 to a deposit on a $250k house and in turn $25k for a 500k house. Using 50K as a deposit, a 5% change in LVR ie from 95 to 90 halves the amount you can borrow. 5% of 1,000,000 is 50k, 10% of $500,000 is 50k so going from 92 to 87...
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