Podknife - Home loan buffer test to stay at three percent despite rising rates by PM

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Home loan buffer test to stay at three percent despite rising rates

Podcast |: PM
Publisher |: ABC Podcasts
Media Type |: audio
Podknife tags |: Australia,; News & Politics,; Society & Culture
Categories Via RSS |: Daily News,; News
Publication Date |: Feb 27, 2023
Episode Duration |: 00:30:00

Home buyers' borrowing power is going backwards as interest rates rise, but the financial regulator is sticking with its three per cent buffer test. It means those looking to refinance are struggling to get bank approval.

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