Borrowing Power

Home-Buying Strategies For A Competitive Property Market

personOtto Dargan access_timeSeptember 15, 2023

If you’re in the market to invest in property or looking to buy a home, the current landscape demands your attention. The property market has recently had a surge in auction clearances and home sales, indicating a highly competitive environment. If you’ve been in the...

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#AskABroker: How Can I Maximise My Borrowing Capacity After Constant Rate Rises?

personOtto Dargan access_timeSeptember 8, 2023

Hello! I’m Steven Chan, a mortgage broker at Home Loan Experts. If you’re concerned about how the recent interest rate hikes might affect your plans to get a home loan, you’re definitely not alone. I’ve helped many clients who were in the same boat. The...

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10 Ways To Increase Your Borrowing Power In 2023

personOtto Dargan access_timeJanuary 5, 2023

The Current Situation As the world ushers in the new year, inflation is a problem that still won’t go away. Food and energy prices are soaring all around the globe, and Australia is no exception. Last year, inflation reached its highest rate since 1990, at 7.3%. While it did...

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6 Trends To Look Out For In 2023

personOtto Dargan access_timeDecember 14, 2022

As we approach the new year, there are a few important things for homebuyers and investors to keep in mind for the next 12 months and beyond. The market has been tumultuous this year. The cash rate started at a historic low of 0.1% and ended with a 10-year high of 3.10%. Inflation...

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How Rising Interest Rates Affect Your Borrowing Power

personOtto Dargan access_timeAugust 19, 2022

After months of growth, Australia’s property prices have started to fall. Unfortunately, it’s not necessarily a time to celebrate. The cost of living is rising – making it harder to save for a deposit – and interest rates are as well, so your borrowing power is probably...

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Interest Rate Buffers Are Going Up, To Bring Debt Levels Down

personOtto Dargan access_timeOctober 11, 2021

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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Borrowing Power Changes: How Much More Can I Borrow?

personOtto Dargan access_timeJuly 17, 2019

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...

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New Assessment Rate: How Much More Can I Borrow?

personOtto Dargan access_timeJune 10, 2019

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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