In this week’s Flash Finance Update, Penny and I review two items that hit the news this week that affect property buyers:
- APRA changing the servicing rate and mandating a 3% buffer instead of the 2.5%
- The Victorian Government offering buyers with only 5% of the purchase price as a deposit and costs a chance to purchase with the government offering to buy up to 25% of the value of the property alongside you.
See what we have to say about these and how they affect you by watching the video below.
Congratulations to Sydney – you have once again shown Victorians how it’s done. We are so jealous here in the lockdown capital of the world and can’t wait to visit.
NB This advice is general in nature and please read our full disclaimer here.
If we can be of any assistance and you would like a one-on-one consultation for any loan type, please reach out and book a time here.