Changes are coming into motion after the recent announcement that the government will be looking into lending regulations to allow Aussies with HELP debt to take out home loans.
Treasurer Jim Chalmers announced the update to HELP debt guidance on 13 February, noting that ASIC and APRA will be updating lending rules to allow for those with student debt to “responsibly take out a mortgage and buy a home and also unlock the construction of more units.”
Now, APRA has released a letter that clarifies the changes, expected to take effect from 30 September 2025. According to the regulator, the reforms will apply to all deposit taking institutions.
The proposed adjustments are:
- Removal of HELP debt from DTI…
