Anthony Landahl

Thanks very much.

And we'll catch up in a few weeks.

Now, I'm not sure if you've been following this register that is now there in New South Wales.

It's a sort of a shame register.

Somebody is not following the rules.

Great to be here, Craig.

Thanks, mate.

Yeah, that's very topical at the moment.

One of the biggest challenges for first home buyers is their deposit as well as trying to maximise essentially what they're able to borrow.

So the confluence of increasing rates, there's the issue around the increased cost of living that's impacting everybody, obviously with inflation running hot.

cost of living going up there's a lot more scrutiny starting to come down the line from the providers around some of these types of things that are impacting what buyers can do.

In saying that there's a lot of buffers in there with living expenses benchmarks and stuff but it does start impacting the buyers and not only are they trying to save for a deposit but they're getting hit with increased cost of living pressures as well as increasing rates which is impacting what a lot of them want to be able to do at the moment.

Yeah, we're seeing that across the board.

And for first home buyers...

It's not insignificant.

A lot of them are already looking to try and maximise what they can borrow because they might have a smaller deposit.

They might be trying to access one of the government schemes around the first home loan deposit scheme or something.

So their borrowing capacity is critical and that is being impacted by increases in interest rates.

So while the provider buffers may not have changed, the fact that the interest rates are rising, what they're assessing the borrower at is higher.

So that impacts how much they can actually borrow.