Home Loan Variable: 2.51% (2.53%*) • Home Loan Fixed: 2.99% (2.64%*) • Fixed: 2.99% (2.64%*) • Variable: 2.51% (2.53%*) • Investment IO: 3.05% (2.96%*) • Investment PI: 2.71% (2.73%*)

THE LATEST UPDATE ON SERVICEABILITY RATES – 25 JULY 2019

The majority of banks have already adjusted their serviceability floor rates to 2.50% above the actual rate, as per APRA’s new guidelines.

This means you can borrow more than a month ago. A couple of examples of what this might mean for you:

Scenario 1
Husband and wife earn $80,000 each and have 2 dependant kids. Monthly living expenses are $5,000 per month. They have no debt. Their borrowing capacity has increased by $113,000.

Scenario 2
Husband earns $200k and wife earns $100k. They have 2 dependant kids and their living expenses are $5,000 per month. They have an owner occupied home and an Investment property. They want to upgrade the family home, i.e. they’re buying a 3rd property. Current property debt is approximately $2.1M and they have a $16k credit card (limit), and no other loans. Their borrowing capacity has increased by $221,000.

As of the 25 July 2019, the serviceability rates are as follows:

Bank Serviceability rate
ANZ 2.5% higher than the actual rate, or minimum of 5.50%
NAB 2.5% higher than the actual rate, or minimum of 5.50%
CBA 2.5% higher than the actual rate, or minimum of 5.75%
Westpac 2.5% higher than the actual rate, or minimum of 5.75%
Macquarie 2.5% higher than the actual rate, or minimum of 5.30%
St. George 2.5% higher than the actual rate, or minimum of 5.75%
Bankwest 2.5% higher than the actual rate, or minimum of 5.75%
Suncorp 2.5% higher than the actual rate, or minimum of 5.50%
Adelaide Bank 2.5% higher than the actual rate, or minimum of 5.75%
Auswide Bank 2.5% higher than the actual rate, or minimum of 5.75%


If you have been restricted by serviceability in the past, now might be the time to
get in touch and see where your borrowing capacity now sits.

Download our complimentary First Home Buyer Guide. Packed with 40-page of information it will start you on your journey.

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