The housing market appears to still be in favour of first-home buyers, with more than half of loans this year done at 20% equity. 

Cotality data shows up to 60% of recent lending has been on a two-year fixed rate, up from less than 20% in November last year. 

In June, around 16% of lending went to owner-occupiers with less than a 20% deposit. 

Cotality chief economist Kelvin Davidson told Mike Hosking house prices have fallen so low, the risk of negative equity has pretty much disappeared. 

LISTEN ABOVE  

The housing market appears to still be in favour of first-home buyers, with more than half of loans this year done at 20% equity.&nbsp;
Cotality data shows up to 60% of recent lending has been on a two-year fixed rate, up from less than 20% in November last year.&nbsp;
In June, around 16% of lending went to owner-occupiers with less than a 20% deposit.&nbsp;
Cotality chief economist Kelvin Davidson told Mike Hosking house prices have fallen so low, the risk of negative equity has pretty much disappeared.&nbsp;
LISTEN ABOVE &nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Kelvin Davidson: Cotality Chief Economist on the increasing amount of home loans given with less than 20% equity

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3552457e-fec6-4b6e-b3cd-b4a2015a84e6/transcript