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henry wong real estate Tag

Another year draws to a close, and for many people around Australia it’s been a year of ups and downs. We’ve negotiated lockdowns, border closures, remote work and being separated from families and friends. But in typical Australian fashion, we’ve got through it. And you know...

It’s been an expected move, and the Australian Prudential Regulation Authority (APRA) has followed through with it. They have formally announced the tightening of lending rules for Australian homebuyers, raising the serviceability buffer from 2.5% to 3%. Wait… what is the serviceability buffer? When a bank lends...