Lenders begin tweaking serviceability buffers

Lenders begin tweaking serviceability buffers

Several lenders have begun lowering their serviceability assessments for certain borrowers in a bid to help more customers refinance. In the face of more borrowers facing ‘mortgage prison’ (whereby they do not service a loan that is 3 percentage points higher than the...
Budget 2023: What’s in it for housing?

Budget 2023: What’s in it for housing?

The Albanese government has delivered its first full-year budget since winning last year’s election. Here, we give a run down of how the spending will impact the nation’s housing market. Describing secure, affordable housing as being “out of reach” for many...