Borrowing Power

Your Borrowing Power Has Gone Down – Here’s Why

personOtto Dargan access_timeMarch 20, 2024

Summary Australians see a big drop in borrowing capacity, with a 32.58% decrease since 2020 and an 8.17% fall from last year, largely due to a rising RBA Cash Rate. Select lenders with low buffer rates (down to 2%) offer a glimmer of hope to boost borrowing capacity. A...

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