In this episode, we discuss the new LVR rules that have just been announced by the Reserve Bank.
These changes make it easier for some owner-occupiers to borrow with a lower deposit.
But, the big change is that investors purchasing existing properties will soon be allowed to purchase with a 35% deposit rather than a 40% deposit.
While that change sounds small, the outcome is impactful.
We go through an example of how some investors can borrow an extra $214k after the changes have been announced.
The Property Academy Podcast