According to an RBA representative, the Australian Property Market is very stable and is not over-valued. Our prudent lending practices would shield us from an US type property crisis.

People looking to enter the Mortgage Market should expect that the current lending criteria will remain in force ? which generally means borrowers need to have a deposit of between 5% and 20% depending on their financial circumstances, property postcode and credit history. No Deposit Home Loans are a thing of the past.