Is it still possible to borrow money in 2024?

In recent times, borrowing money has become increasingly challenging, posing significant hurdles for individuals and businesses alike. In the dynamic landscape of Australia’s property market, aspiring homeowners face mounting challenges when seeking to secure financing for their property purchases.  The current economic climate, characterized by a confluence of factors, has significantly tightened the borrowing environment, making it increasingly difficult to obtain loans for property acquisition. One prominent reason contributing to this difficulty is the evolving macroeconomic conditions, including tightening monetary policy and surging inflation, which has prompted lenders to exercise greater caution. Additionally, the reduced tolerance for risk among central banks, […]

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