Loans will now be much easier to get now that the assessment rate floor has been dropped across all banks. The rate has been dropped from 7.5 % down to as low as 5.3% with Macquarie bank. By dropping the floor rate it means that servicing for loans become much easier. Prior to the floor rate drop it was at 7.5% meaning that even though someone may only be paying interest of 3.5%, if that customer wanted to get another loan, the bank would treat that loan as though the customer were paying 7.5%. This has kept a lot of investors out of the market.

With the changes and the easier access to finance, the property market should show some strong green shoots in certain areas.