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Recent changes to how lenders have to assess borrowing capacity

01 Nov 2021 | Latest News

Recent changes to how lenders have to assess borrowing capacity for home loans will make it harder for some to borrow what they want. We’ve broken down what the changes are and what they could mean for you. What’s changed? On 6 October 2021, the Australian Prudential Regulation Authority (APRA) announced that lenders need to […]
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Property Update – August 2021

11 Aug 2021 | Latest News

Australian housing values increased a further 1.6% In July, according to CoreLogic’s national home value index. The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past twelve months. CoreLogic’s Research Director, Tim Lawless, described the market as strong, but losing steam. “The 16.1% […]
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Lending Update – August 2021

11 Aug 2021 | Latest News

Lending to those who run their own business has always been a far more involved process than for those earning Pay As You Go (PAYG) Income. The documentation required by banks generally has to span two years of income, which can be up to 18 months old at the time of assessment. COVID-19 has only increased […]
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