Startupbootcamp Fintech reposted this
Yesterday’s Federal Budget reinforced something Australia already knows: housing affordability and access to lending remain major challenges across the Australian market. The average Australian home price is now sitting around 8x household incomes, while the “Bank of Mum & Dad” is estimated to contribute more than $35 billion each year to support property purchases. Increasingly, access to property is being determined by access to family equity. But the challenge extends beyond first home buyers alone. Many creditworthy Australians - including upgraders, investors, self-employed borrowers and growing families - still face significant barriers when attempting to access low-deposit lending solutions through traditional pathways. This is where private-sector innovation has an important role to play. At Our Leg Up, we believe secured guarantees represent a scalable, capital-efficient way for lenders to support more low-deposit borrowers, without relying solely on traditional LMI structures or taxpayer-funded schemes. Importantly, the model supports both owner occupiers and investors, while also enabling lenders to potentially write significantly more low-deposit loans using the same regulatory capital. As competition intensifies across mortgage lending, lenders that innovate around accessibility, flexibility and capital efficiency will be best positioned to grow market share. If you’re a bank, lender or mortgage provider exploring new ways to expand low-deposit lending while managing risk, improving borrower accessibility and reducing lending costs, we’d welcome the opportunity to share how secured guarantees can help unlock a new pathway to growth. hello@ourlegup.com #Banking #HomeLoans #MortgageInnovation #HousingAffordability #FinancialServices #Lending #PropertyMarket #CustomerOwnedBanking #AustralianProperty #MortgageLending