The Albanese government is promising to make it easier for young Australians with student debts to buy a home by urging regulators to reassess the role of those debts for banks granting mortgages.
Student debt is often taken into consideration by lenders who consider the impact of the debt on income.
The federal government has now written to the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), with the regulators reviewing their loan guidance to banks.
Treasurer Jim Chalmers said the “common sense” clarifications would help more Australians into a home.
“People with a HELP debt should be treated fairly when they want to buy a house and we’re working with the regulators to…
