SYDNEY (Reuters) – Australia’s centre-left Labor government has asked financial regulators to help would-be home buyers with student loans to enter the property ladder as it faces a tough election where sky-high housing costs have seen its popularity plunge.
At the request of Treasurer Jim Chalmers, financial regulators said they would make it easier for Australians with student debt to buy homes, Treasury said in a statement.
The office cited a response from Australian Prudential Regulation Authority (APRA) that it would tell banks that they can exclude student loan repayments from serviceability assessments where they expect a borrower to pay off their debt in the near term.
APRA will…
