The Sunday Times The Australian Prudential Regulation Authority (APRA) has announced it is considering reducing the seven per cent oor on serviceability calculations for residential mortgages, instead allowing banks to assess loans at 2.5 per cent above current rates. Currently, APRA requires lenders to assess whether or not a consumer can afford a loan […]
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Australian Property Investor As Australia’s cities continue to grow outwards, the frictions between urban expansion and the encroachment upon native bushland and the environment have perhaps never been so precariously balanced. The pressures of population growth, a lack of housing supply, a rental crisis and property affordability issues all coalesce to fuel demand for new […]
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The Property Tribune Interest rate rises, higher property prices and rent increases have made housing less affordable in Western Australia according to new report Housing Affordability in Western Australia 2023 from the Bankwest Curtin Economics Centre (BCEC). The report found that increased housing demand, driven by factors such as population growth, has been putting extreme pressure on rental […]
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