GgoogleAU BusinessReal Estate first seen 5 h ago, last 49 min ago, peak #3
RBA move could cut first home buyer borrowing by $58,000
Original: first home buyer borrowing capacity reduction
Australian first home buyers face a sharp reduction in how much they can borrow after the Reserve Bank's latest move, which analysts estimate could wipe around $58,000 off typical loan capacity. Commentators warn the impact is 'not a rounding error' for those trying to enter the property market.
Why now: The RBA's latest policy move has major consequences for housing affordability and first home buyers' borrowing power.
Reserve Bank of AustraliaAustralian first home buyers
Rank over time, top of the chart is #1. 18 snapshots from 5 h ago to 49 min ago.
Evidence
- ‘90 per cent chance’: Aussie mortgages set for a brutal $5k hit · The Courier Mail
- Borrowers face $47,000 hit to buying power as RBA rate hike looms · Domain
- Burden of higher interest rates reverses house price relief · The Australian
- Silver lining in plunging house prices · News.com.au
- ‘Not a rounding error’: RBA move to wipe $58k off loans · Real Estate
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