this post was submitted on 11 Feb 2025
15 points (100.0% liked)

Australian News

611 readers
3 users here now

A place to share and discuss news relating to Australia and Australians.

Rules
  1. Follow the aussie.zone rules
  2. Keep discussions civil and respectful
  3. Exclude profanity from post titles
  4. Exclude excessive profanity from comments
  5. Satire is allowed, however post titles must be prefixed with [satire]
Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Banner: ABC

founded 2 years ago
MODERATORS
lodion@aussie.zone
Tristaniopsis@aussie.zone
DemSpud@lemmy.dbzer0.com
15
Banks will be told to disregard student loans in mortgage tests (www.abc.net.au)
submitted 1 week ago by MHLoppy@fedia.io to c/news@aussie.zone
8 comments fedilink hide all child comments
 

In short:

Banks will be told not to count HECS-HELP and other student loans in debt calculations for home loans, and to disregard HELP repayments from serviceability assessments.

APRA will also update lending rules for housing developers to clarify that a block of units does not need to be fully sold off the plan to qualify for a loan.

What's next?

The Coalition is mulling its own move on lending requirements, with a proposal soon to come before shadow cabinet.

you are viewing a single comment's thread
view the rest of the comments
[–] Eyekaytee@aussie.zone 1 points 1 week ago

I think with rents how high they are there's people who may end up paying less if they get a mortgage they just need to get in