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Many people believed that the low RBA cash interest rate, that had remained unchanged over the last couple of years, was about as low as it would go.

Now that Australia’s banking regulator has lowered the lenders’ borrowing buffer, more people should be able to borrow more funds to buy their new home. For the last few years Australia’s banking regulator, APRA, has required lenders to use a minimum 7 per cent interest rate when assessing a new…