Tag: mortgage regulations
-
How Lowering Australia’s Home Loan Buffer Impacts Borrowing Power
Recent research suggests that lowering the mortgage serviceability buffer could significantly impact Australian homebuyers. Specifically, reducing the buffer from 3% to 2.5% could potentially allow buyers to borrow 5% more, translating to an additional $18,816.65 in borrowing power for the average wage earner. The Finance Brokers Association of Australia (FBAA) commissioned this study, revealing that…