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COVID not enough to deter Australian homebuyers

Since Australia was first impacted by COVID-19, a flurry of national economic commentary ensued. A series of fiscal and monetary interventions were deployed to mitigate the projected damage. Australia has fared quite well so far, but this came at a cost. According to data from the Australian Office of Financial Management, more than $122 billion of extra government debt was issued in the first half of the year, equivalent to about 6.4 percent of GDP. With no signs of slowing in the coming months, it is likely our swelling debt will continue, albeit at a lower rate than many other developed countries.

An investor's recipe for loan approval

In the current climate, obtaining an investment loan or even refinancing can prove to be a maze to navigate, as lenders assess borrower’s incomes and their nature of employment to best ensure that the evolving pandemic won’t impact their ability to continue servicing a loan.

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