How interest rates impact your borrowing capacity…
Higher interest rates make it harder for borrowers to qualify for larger loans or even loans of any size. That’s because for every increase of 0.50 percentage points in interest rates, the average person’s borrowing capacity falls by about 5%, according to PropTrack senior economist Paul Ryan. Since 2022, the Reserve Bank of Australia (RBA) […]
Government unveils new assistance scheme for owner-occupiers…
If you’re a lower-income or middle-income earner, you will soon have a new way to buy a property, after the federal parliament passed legislation for ‘Help to Buy‘.‘. Under ‘Help to Buy’, individual buyers who earn less than $90,000 per year or joint buyers who earn less than a combined $120,000 will be able to […]
