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"We think this shows APRA is aware of the potential impact of credit rationing. In response to the caps, banks lifted mortgage interest rates to slow demand. " While banks will continue to lend prudently, today's decision will mean all. an interest rate 'buffer' for serviceability assessments for all loans is at.
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If they adopted APRA's proposal, this assessment rate would drop down to 6.05% .. this would mean your purchase price could increase from $655,000 to $712,000.. APRA-lifts-assessment-rate-restrictions-pink-finance.
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Tradebusters are Australia's first truly vetted, word-of-mouth network of recommended service. What does APRA's assessment cap lifting mean for me?
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