APRA
Interest Rate Buffers Are Going Up, To Bring Debt Levels Down
The Australian Prudential Regulation Authority (APRA) announced that it will increase the interest rate buffers banks use to assess the serviceability of home loans from 2.5% to 3%. The higher buffer rate will be in place from the end of October 2021. It is applicable only for...
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bookmarkTags: APRA, Borrowing power, lending criteria
Borrowing Power Changes: How Much More Can I Borrow?
This month APRA (Australian Prudential Regulation Authority) has removed rules for the banks about how they calculate borrowing power. As a result, borrowing power has increased by as much as 15 per cent. Who are the winners? Home buyers have seen their borrowing power increase...
Read morefolderCategory: News, Policy Changes
bookmarkTags: APRA, Assessment rate, Borrowing power, Home Loan
New Assessment Rate: How Much More Can I Borrow?
In an open letter to the banks, APRA (Australian Prudential Regulation Authority) has proposed amending their guidelines to allow banks to determine their own assessment rate. This will substantially increase the maximum borrowing power of many home loan borrowers. We responded...
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bookmarkTags: APRA, Borrowing power, Refinance
