The Real Estate Institute of Queensland (REIQ) has welcomed a new Federal Government initiative aimed at improving home loan access for young Australians burdened by student debt. The move, announced by the Federal Treasurer, also seeks to support small developers struggling to meet stringent pre-sales targets.
Under new APRA/ASIC guidance, HECS/HELP debts will be excluded from banks’ mortgage serviceability assessments in certain cases, allowing borrowers to access greater lending capacity while maintaining responsible lending protections.
Want to read the full article?
Subscribe today to get full access!
Subscribe Now
Subscribe to support local journalism get unlimited access to all Gladstone News content!Already subscribed?
Login to your account via the main menu.
