Shona Stephenson 4/10/22 Shona Stephenson 4/10/22

Reserve Bank of Australia increases the Cash Rate .25% from 2.35% to 2.6%

Adam Kingston 21/6/22 Adam Kingston 21/6/22

Increasing Loan Coast/Decreasing Loan Amounts

I’m sure you have seen over the past few months that Central Banks globally have been increasing interest rates. As inflation rises, Reserve Banks use interest rates to try and control consumer spending and control inflation.

Adam Kingston 26/10/21 Adam Kingston 26/10/21

APRA increases servicing buffer

APRA increases the serviceability buffer lenders use when assessing a loan.

On 6th October 2021 APRA (Australian Prudential Regulatory Authority) announced changes to the serviceability buffer banks are to use when assessing a new loan. The buffer is to increase from 2.5% to 3% from the 1st of November 2021.