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Attention First Home Buyers and Investors!

The dream of owning a home or investment property is about to become a little bit more of a reality, as LVR (loan-to-value ratio) lending limits are set to be relaxed.

On 1 January 2018, the Reserve Bank will lift the amount of funds that banks can lend to prospective buyers who have less than a 20 percent deposit. The amount will be increased from 10 percent to 15 percent and will make buying a home more of a reality for those struggling to make the 20 percent benchmark.

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