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APRA ANNOUNCES CHANGES TO LENDING LAWS

Today APRA announced changes to loan serviceability expectations which raise the interest rate buffer from 2.5% to 3.0%.

OpenCorp CEO, Matthew Lewison discusses the reasons for this intervention and the impacts it may have on the property market. “We’re very pleased to see APRA’s response today, and also the way they’re approaching it by addressing interest serviceability rather than targeting investors.

The post APRA ANNOUNCES CHANGES TO LENDING LAWS appeared first on OpenCorp.

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