Some experts say that if you increase living expenses such as Netflix subscriptions, gym members and coffee, this may affect your chances of getting a home loan.
Since the investigation by the Royal Banking Commission, lenders have become increasingly cautious in approving loans.
Even for households with an annual income of $ three hundred thousand, banks review their day-to-day and potential "excessive" spending.
According to the Australian Daily Telegraph, when approving the loan, the bank will ask customers if they subscribe to the Netflix premium package (18 yuan / month) or the ordinary package (10 yuan / month).
A high-income doctor was also allegedly asked to provide a three-month transaction account and credit card consumption record.
Home Loan Experts General Manager Otto? Banks and regulators have been stepping up checks on borrowers` living expenses since last year, (Otto Dargan) said.
He said the Royal Commission`s investigations in recent weeks have further tightened banks` scrutiny, pushing it to a stage of albino.
Other examples include a borrower who walks to work and is asked to show a view of Google Maps to the bank to prove that its transportation costs are really low.
One family bought a lot of food at once for a party and was asked to prove the authenticity of their bills.
These measures mean that the situation for self-employed and small business owners is even more difficult, as business costs are usually paid through personal accounts.
Angelo, general manager of Financia, a financial brokerage firm? One reason to step up the scrutiny is that banks think many people can`t make ends meet, Benedict (Angelo Benedetti) said.
He said, "they don`t care if you have $1 or $1 million in your bank."
Mortgage Choice Chief Executive Susan? Mitchell (Susan Mitchell) agrees, saying the borrower`s cost of living is now closely watched, including gym members, subscriptions to television, beauty, Uber fees, road tolls and parking fees.
Mitchell suggested that borrowers should thoroughly understand their bank accounts and credit card expenses and consider eliminating any unnecessary continuing costs that might be overlooked.
A spokesman for the Australian Banking Association (ABA) said that there are 12 standard categories for bank assessment, including rent, clothing, groceries and education.
The spokesman said the bank took its responsibilities very seriously to determine the ability of customers to repay their home loans and worked to ensure that the process was as accurate and concise as possible.
But Andrew, executive general manager of, REA Group financial services? Russell (Andrew Russell) believes these changes in banks help them lend more responsibly.
"now the bank will look into the cost of every penny. This is a new world. It`s a good thing that clients need to be fully aware of their spending to get a loan, "he said."
He said banks` close attention to the cost of living would reduce the borrower`s ability to borrow as much as 20 percent.
