While some first home buyers wanting high LVR loans have been affected by the restrictions, banks have given priority to first home buyers within their 10 percent speed limit. Figure 3 shows that over the past 2½ years the share of first home buyers in real estate transactions has been around 21 percent-its level in early 2013.
In the United States, for example, 36% of unsecured personal lending was issued by fintechs in 2017.5 “Fintech” is often associated with small start-ups – technologically innovative firms with agile business models. But huge, globally active technology companies, the so-called big tech companies, are also entering the market.