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September 4, 2015

APRA changes – what are they and what do they mean for me? Part 2

Following on from our last post on APRA changes, you would be aware that APRA has requested some changes to investment borrowing parameters. These changes are now in effect, resulting in many adjustments in the banking sector. You may have received a letter from your lender, informing you that the interest rate on your investment loan will increase. Please note: this rate rise is taking place across the board on all investment debt, with most lenders. A stricter borrowing policy – 80% lend on investment (so you need to have saved at least 20% of the purchase price), means that …

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