Is RENTVESTING the new Aussie dream?
/This utopian version of property ownership has all but been removed from reality by the rapidly increasing house prices and low wage growth environment we have been faced with in recent times. For many, if you weren’t in the market before 2014, you may have missed the boat.
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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.