The average person could add $130,000 to their borrowing power by taking six clear steps from the comfort of their couch – and a warning, one of them involves getting stuck in with scissors.
Analysis by RateCity found a single person earning the average wage of about $92,030 could potentially boost their borrowing power by 36 per cent with a good clean-up.
CBA and ANZ forecast it will happen in February 2025, but NAB and Westpac have tipped rates will not move until May 2025.
Start by looking at your income and savings: · How much do you earn per year?
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