Australian Banking Regulator Maintains Interest Rate Buffer Rule Amid Rising Mortgage Stress

Australian Banking Regulator Maintains Interest Rate Buffer Rule Amid Rising Mortgage Stress
A man walks past a bank advertising home loans in Melbourne, Australia, on Feb. 7, 2023. William West/AFP via Getty Images
Alfred Bui
Updated:

Australia’s banking regulator has stated that it will not ease the interest rate buffer requirements for borrowers despite more homeowners being subject to mortgage stress.

This comes as a significant number of borrowers will see their cheap fixed-rate home loans, which were acquired before the central bank started the interest rate hiking cycle in May 2022, expire by the end of this year.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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