Australians will be asked to give up private schools and Netflix by their bank if they really want a house, under new responsible lending guidelines - Business Insider Australia

Australians will be asked to give up private schools and Netflix by their bank if they really want a house, under new responsible lending guidelines - Business Insider Australia

Want a loan? You better be prepared to know what you’re willing to give up for it.

  • Banks look set to take a longer look at loan applications to determine what borrowers can and can’t afford if they change their spending habits.
  • The Australian Securities and Investments Commission (ASIC) released new guidelines on Monday, sug… [+3014 chars]

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