The federal Treasurer has announced “commonsense” changes to help more Aussies with student debt acquire their first home.
Treasurer Jim Chalmers has announced that financial regulators – the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) – will be updating their lending rules in relation to Australians with HELP debt to “responsibly take out a mortgage and buy a home and also unlock the construction of more units”.
According to Chalmers, young Australians are currently facing a hurdle in entering the housing market in the form of reluctance from lenders to give them a mortgage.
He noted that the Australian Banking Association flagged…
