Changing times
Yesterday I returned from a short trip to Sydney, where a lot of people were asking how proposed amendments to the guidance on mortgage serviceability assessments will affect loan applications.
The simple answer is that there's no simple answer - you have to look at it on a case by case basis - but while mortgage rates are falling it'll be broadly favourable for borrowers.
With low rates and prudent interest rate buffers remaining in place, most investors will be able to service mortgages comfortably and build up sensible cash or offset buffers.
In the short video below I tale a look at a few of the ways in which this cycle will be different - click here to view, or on the image below.
