Measuring Borrowing Capacity – A New Index
/Loanscape has created a new index which is a direct measure of the changes to borrowing capacity for prospective home buyers. Known as the Loanscape Borrowing Capacity Index it is an expression of the relative change in borrowing capacity for singles and couples among a basket of lenders.
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Loanscape has today released its Borrowing Capacity Index for Q2/2024. It shows that the borrowing capacities of Australian individuals and families have stabilised after the sharp decline over the past 2 years. Lower income borrowers continue to be disproportionately impacted by interest rate increases: the family income required to qualify for the average size loan in Australia is 35% higher than 2 years ago.