Reported at www.abc.net.au: Treasurer Jim Chalmers has instructed financial regulators to direct banks to exclude HECS-HELP and other student loans from mortgage debt calculations, potentially increasing borrowing power for first-time homebuyers.
Updated lending rules from APRA will clarify that housing developers do not need to fully sell all units off the plan to qualify for loans. These measures aim to address the housing crisis while the Coalition considers its own lending requirement adjustments.