APRA Tightens Loan Serviceability
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 you money to buy a home, they assess…Read More→
