That is consistent with banks limiting the share of loans with LVRs (at origination) above 80 per cent. Also, borrowers have an incentive to avoid the cost of mortgage insurance, which is typically required for loans with LVRs (at 5 / 13  BIS central bankers' speeches  origination) above 80 per cent.
Comparing investor loans with owner-occupier loans, we can see that investors have a larger share of outstanding loans with current LVRs of 75 per cent or higher. 11 That’s most obvious in the case of interest-only loans, but is also true for principal-and-interest loans.