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So that was always going to be likely.
so there's still a bit of switching going on not as much in december but but still a bit of activity there uh so yeah i mean the different breakdowns interest only lending was kind of ticking along high dti lending sort of ticking along there's there's nothing sort of much of note in there the thing that really jumped out of the different breakdowns was the lvr figures which um we've had an eye on obviously given the lvrs were loosened on the first of december
always going to be some interest in those numbers in the december and january figures and so yeah there's there's a bit of interest in there we saw the share of lending going out to investors at low deposit uh well less than 30 deposit in this case ticked up to about three percent and so only a couple of months ago that had been less than one percent now still not sort of off the charts but you know that's that's the highest number it's been for for a number of years so with that increase in the speed limit and on the first of december
You know, just simply more low deposit finance available for investors.
And also, I guess, with interest rates where they are, you know, some investors definitely keen to take up that finance.
So, yeah, it's ticking up a bit for investors, but also owner occupiers as well.
About 15% of lending to them went out at low deposit.
and less than 20% for owner-occupiers.
Now that's the highest it's been for something about since August 2020.
So yeah, it's just interesting to see it playing out.
You increase those LVR speed limits, people are showing a bit of appetite to take that debt out.
in particular first-time buyers we had a record share of first-time buyers taking out low deposit loans 57 of those of those first-time buyer loans were done at less than 20 equity so um yeah that's that's still a strong way in for first-time buyers is you don't need 20 um people are getting them with 15 maybe 10 i've heard so
Yeah, that's still a strong way in for first-time buyers.
And then just one final cut of the numbers is that on Friday, late Friday, we got the stock figures, I guess you'd call it.
And so we are seeing that share of debt going out longer on those longer-term fixed rates to the point where of all existing debt right now, it's about 30% that's currently fixed and not due to reprice for at least another 12 months.
uh that's the highest it's been for a couple of years so so you know people it's it's not sort of full on yet but we are seeing that shift as as i guess we reach the bottom of the rate curve people starting to think about higher rates at some point you know people starting to fix in longer and we're seeing that come through both in those monthly flow numbers but also the the stock figures too so um yeah people positioning themselves for i guess a an interest rate a rising rate environment at some stage
looking to fix for a little bit longer.
So yeah, keeping an eye on those LVRs.
Obviously as the year goes by, we'll be watching DTIs too.
But right now, yes, with that increase in the speed limit, people are showing a bit of a willingness to take up that higher LVR debt.