High price for home buyers

Banks are insisting on higher deposits from new home buyers, reflecting the tighter lending landscape and higher bad debts, home loan originator ooba said yesterday. ooba said average deposits continued to show sizeable year-on-year rises in November, with a 31,5percent increase in the average deposit as a percentage of purchase price from November last year. - I-Net Bridge

Banks are insisting on higher deposits from new home buyers, reflecting the tighter lending landscape and higher bad debts, home loan originator ooba said yesterday. ooba said average deposits continued to show sizeable year-on-year rises in November, with a 31,5percent increase in the average deposit as a percentage of purchase price from November last year. - I-Net Bridge

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