We've had the fastest increase in interest rates ever which has resulted in higher test interest rates at the banks. We've also had CCCFA come into play resulting in banks being more strict with how they look at expenses.

We've also had more Debt To Income ratios being used and some banks shutting shop to ALL buyers with less than 20% deposits.

It is safe to say, things have gotten tougher - all in the hope of slowing down house prices (should just build more houses).

What does this all mean for you?

Have a listen!