Australia's bank regulator (APRA) has refused to budge on the 3% serviceability buffer, insisting it is crucial for financial stability.

Many banks and lobby groups have been advocating to lower the interest rate test for first home buyers, arguing it would allow more people to buy properties.

But APRA argue it's necessary to ensure borrowers can repay loans.

Director at Foster Ramsay Finance, Chris Foster-Ramsay spoke to Oly Peterson on Perth Live.

Australia's bank regulator (APRA) has refused to budge on the 3% serviceability buffer, insisting it is crucial for financial stability.
Many banks and lobby groups have been advocating to lower the interest rate test for first home buyers, arguing it would allow more people to buy properties.
But APRA argue it's necessary to ensure borrowers can repay loans.
Director at Foster Ramsay Finance, Chris Foster-Ramsay spoke to Oly Peterson on Perth Live.

6PR Drive with Jamie Burnett provides you with everything you need for your run home. If it happens in Perth you will hear it here!

6PR Drive with Jamie Burnett provides you with everything you need for your run home. If it happens in Perth you will hear it here!