Home Buyers Archives - Pearl Financial

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Dec 10

APRA’s Move To Increase Borrowing Power Capacity

By Editorial Team | News

The critical constraint on borrowing limits that were implemented in late 2014 has been removed by APRA (Australian Prudential Regulation Authority). It is another move that may encourage the idleness of the property market.

To make it more specific, APRA has removed its quantitative guidance on the level of the serviceability floor rate at 7%, which ADIs (Authorized Deposit-taking Institutions) or banks use to assess home loan applications.

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