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Australia housing bubble

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07-06-2022, 05:44 PM

#11

hackney

FF.Com.Au Hardcore

Join Date: Sep 2014

Location: A.C.T

Posts: 1,577

Re: Australia housing bubble

Quote:

Originally Posted by Yellow_Festiva

While they may have a contingency for rates 3 or 3.5% above the standard rate as a buffer that is all good and well if the application was true and honest.

And many got around that by not giving a true indication of their financial position.

I know my last loan application was as dodgy as all hell, but that was the only way to get it passed - go figure.

Think they are on track to get to that figure of 3 or 3.5%,think that is the RBA aim.It is going to be a ‘rocky road’ for some.

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