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    Help is at hand

    Oct 30, 2019 5 minutes
    STORY NICOLA FIELD

    Interest rates may be at their lowest since the 1950s, but high property prices make climbing onto the first rung of the property ladder no easy feat. The good news is that help is at hand. The home loan industry, with state and federal governments, is pitching in with new products to give first home buyers a leg-up.

    Meeting the deposit challenge

    One of the biggest hurdles is saving a decent deposit. Low-deposit loans are available with a maximum loan-to-value-ratio (LVR) – the amount you can borrow as a percentage of the property’s purchase price – of 95%. So it’s possible to buy a home with just a 5% deposit, though there are strings attached.

    “Cracking into the housing market with a low deposit may seem tempting, and can absolutely be the key to getting

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