AU Australia property term
Loan Serviceability
Australia-wide
Plain-English definition
A lender's assessment of whether a borrower can meet proposed repayments after allowing for income, living costs, existing debts and interest-rate stress.
Why this matters to a foreign buyer
Serviceability rules differ between lenders and are not the same as property value or LVR. Approval can change if rates, income, debts or expenses change before settlement.
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