@cwfbm52@bowtiedstocks Most likely a mortgage broker. But at the end of the day, serviceability is the responsibility of the buyer & the bank.
Banks are approving 95% home loans not the government, they should be factoring in rate rises.
@australian Here's the thing with market cycles...they go up and they go down. It normal.
These people now have a roof over their heads and they're not living the streets. They haven't lost.
@AvidCommentator Maybe now that we have a govt that is finally decreasing incentivising investment in the most unproductive asset - housing, the economy might actually start to diversify and grow.