For many years, interest rates kept going down.... what has happened in the last year or so is a bit different.
I DID see an offer for 100% of house purchase on the loan, but it may not have been one of the big 4 banks.
The tightening of lending standards and bigger requirements for deposits is also a more recent development.
I wish Gen Y luck in getting into homes... personally, I think it's quite risky at the moment.....and wish them well in the share market.... but there is so much phony nonsense going on in markets, they'll need to be lucky IMO.
