First-time homebuyers hit by borrowing capacity reduction

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By Michael Brown • Updated Sep 28, 2026 at 06:25

'Not a rounding error': RBA move to wipe $58k off loans - realestate.com.au — First-time homebuyers hit by borrowing capacity reduction

The Reserve Bank of Australia has lowered borrowing capacity for first home buyers by approximately $58,000. Higher interest rates have changed recent house price relief, impacting the property market. This adjustment means potential homebuyers will face a significant financial adjustment. The decision comes after trends showing higher interest rates have affected property prices, leading to this cut in borrowing capacity.

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