Serviceability buffers aren’t just bureaucratic hurdles for home buyers. They are a brake on unsustainable borrowing and a cushion against future shocks.
- Associate Professor in Finance, University of Sydney
Banks typically do not want their customers to default on property and have processes in place to help reduce the risk of this happening.
The banks get most of the blame in Commissioner Hayne’s explosive report, but there’s some for us as well.
Australia’s credit reporting system is about to be updated, and new research shows it’s past due. The current system simply doesn’t provide either lenders or borrowers with enough information.
Contact Andrew for
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- Location: Sydney, Australia
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