The property market leading into 2017
/According to CoreLogic and NAB house price growth remains strong in NSW and particularly in Sydney. Reducing interest rates and market sentiment point to short term price appreciation but by mid 2017 we should see the effects of the record construction boom impacting property prices.
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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.