Prospa Property Advisory News Today : Breaking News, Live Updates & Top Stories | Vimarsana

With the year set to end in less than three months, seven experts from Property Investment Professionals of Australia (PIPA) give us a deeper insight into the major markets. 
PIPA Chair Nicola McDougall said the significant rise in interest rates in such a short period of time has led to many borrowers, particularly investors, not being able to secure lending for their property purchases.
 In addition to higher mortgage costs, Ms McDougall said that the Australian Prudential Regulation Authority (APRA)’s decision to boost the lending buffer in October 2021 is still being felt by borrowers. 
“In fact, many of these borrowers are stuck on the sidelines due to the servicing buffer of 300 basis points still being applied to lending applications – even though interest rates are significantly higher now than when APRA announced the measure in October last year,” she said.  
The body’s latest national report also showed that the Reserve Bank’s fast-paced inter ....

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