Australian Prudential Regulation Authority (APRA) are changing the debt servicing calculator which means you can potentially borrow more from the bank. Previously banks had to assess you at a higher rate which allowed for a buffer (7.25% interest rate), now they are not bound by that and the banks have the discretion around this. It means you could borrow a heck of a lot more – up to 20%-25%.
APRA are changing the debt service calculator
- News
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| At Capital Properties, we help Australian Defence Force members to leverage their busy schedules and build knowledge and confidence to buy property effectively, either to live in or invest. We do this through providing ongoing support through the entire buying process. The scope of our reach is Australia wide. Together we work towards financial independence to leave a multi-generational legacy. |
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