In this episode, we discuss ANZ's latest announcement that they will decrease the servicing test rate from 6.65% to 5.8%. This means that investors can in some instances borrow up to 13%+ more than previously.
This is a major competitive move, and we can expect that other banks will follow now that ANZ uses the lowest servicing test rate in the market.
Finally, we discuss our upcoming Live Podcast Tour, which is happening mid-September in: Christchurch, Wellington and Auckland. Click on the links to register for your free ticket.
The Property Academy Podcast