The Affordability Puzzle

In the last two years, property buying has been booming. The pandemic pushed property prices up rapidly which, when coupled with record-low interest rates, saw borrowers rush to get onto the property market. But as rates start to increase for the first time in 11 years and the cost of living rises, the affordability of Australian housing is starting to bite. We take a look at the affordability problem, and how brokers are primed to help borrowers navigate it