Can anyone tell me what the current situation is with lending for mortgages right now - and if they know where things might be heading?
We are thinking about buying our first home in melbourne. Dh works (but as we moved here from overseas he has only been in the job half a year). We do however have some savings and will be able to get the first homebuyers grant.


Are banks lending now? Not sure with the economic crisis if the banks will be very willing to lend. Perhaps they have want you to have very high income or large deposit?