Borrowing Power

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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