New data released by an
Aussie banking giant Westpac has revealed exactly how much you need to earn to
get a mortgage – and it’s not pretty.
A single person on a teacher
salary is a rare sight in the mortgage broker’s life, but that’s been the case
for a while. What we are seeing now is that even two teacher salaries may not
be enough to get a lender excited.
Westpac says the proportion of loans given to households making under $200,000pa has collapsed. Most lending now goes to families making over $200,000 have gone from being a minority to a majority of lending…….
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