Reserve Bank cuts interest rates to record low. Australian property most affordable in years. Interest rates slashed.
I’m sure I’m not alone in reading these headlines and feeling a little overwhelmed.
Before COVID-19 hit Australia, I had started the process of obtaining pre-approval for a loan, as I had sold my apartment last December and was on the hunt for a new home.
Only then did I became aware of how much banks were scrutinising applicants’ spending.
Once my work slowed right down due to the lockdown, I knew I needed to go on a mission to improve my financial wellbeing —…