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APRA Serviceability Buffer: What the 3% Rule Means
- December 18, 2023
- Posted by: museswow
- Category: News
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APRA confirmed its serviceability buffer stays at 3% following its 2023 annual review. This means lenders must test your ability to repay at 3% above your actual rate. Here’s what it means for borrowers and how to work within it.
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APRA Serviceability Buffer: What the 3% Rule Means
- December 18, 2023
- Posted by: museswow
- Category: News
APRA confirmed its serviceability buffer stays at 3% following its 2023 annual review. This means lenders must test your ability to repay at 3% above your actual rate. Here’s what it means for borrowers and how to work within it.
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Property Market December 2019: Sydney’s Biggest Monthly Gain Since 1988
- December 8, 2019
- Posted by: museswow
- Category: Property and Finance
Sydney dwelling values rose 2.7% in November 2019, the largest monthly gain since 1988, as the national home value index returned to positive annual growth for the first time since April 2018. Three RBA rate cuts, APRA serviceability changes and post-election confidence drove the recovery.