Bit fuzzy on why the property market is slow at the moment? We’ve been told the banks are to blame, but is that true?
We’ll keep it brief, In short, the Australian Prudential Regulatory Authority (APRA) is to blame for the banks recent credit restrictions on residential loan applications. What did APRA do? 1. Introduced a 2% buffer in addition to the banks product lending rate. This means, if the bank advertises a loan at 6% they’ll assess your […]