Australian Prudential Regulation Authority (APRA) are changing the debt servicing calculator which means you can potentially borrow more from the bank. Previously banks had to assess you at a higher rate which allowed for a buffer (7.25% interest rate), now they are not bound by that and the banks have the discretion around this. It means you could borrow a heck of a lot more – up to 20%-25%.

Find out how you can benefit from these changes here.