APRA increases banks’ loan serviceability buffer: What the impact will be on borrowers.
With more than one in five new loans approved in the June 2021 quarter being more than six times the borrowers’ income, and the expectation that housing credit growth will run ahead of household income growth in the short to medium term APRA increased banks’ loan serviceability interest rate buffer from 2.5 percentage points to 3.0 percentage points. Anthony Landahl - Managing Director of Equilibria Finance breaks down the October 6th announcement, what's behind it and the potential impact on AusbizTV.
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