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First-home buyers rush in

Tuesday 13th of August 2013

It is believed that the Reserve Bank will introduce a “speed limit” on the amount of low-deposit lending banks do, probably at the end of September.

Broker Jeff Royle said it was a flawed idea because less than 10% of all purchases had been with a deposit of 10% or less. The problem was a lack of supply, he said.

“By even mentioning these proposals all that&rsq...

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