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FHBs need four years to save deposit

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Australian Broker | 17 Aug 2011, 06:00 AM Agree 0
New research has indicated it now takes the average couple more than four years to save a deposit for their first home
  • petert71 | 17 Aug 2011, 12:05 PM Agree 0
    This assumes an 80% lend, which of course is not the case.
    If it takes 4 years for the average FHB to save a 20% deposit, then it stands to reason that they'll meet the requirements for a 95% loan in a bit over a year.
    Never let the facts get in the way of a scary soundbite to promote the banks.
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