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UBS: HEM tightening “material impact” on Sydney, Melbourne housing rebound

June 14, 2019 - 13:15 -- Admin

Via the excellent Jonathon Mott at UBS: We estimate the RBA rate cuts and APRA’s removal of its interest rate serviceability floor may improve maximum borrowing capacity by around 14%. However, these changes need to be considered in the context of ongoing tightening, in particular a new HEM methodology, the rollout of Comprehensive Credit Reporting

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