Breaking: HECS Debtors to Get Easier Access to Home Loans
2025-02-11
9News.com.au
In a significant move, Treasurer Jim Chalmers is set to announce new regulations that will make it easier for individuals with HECS debts to secure home loans. Currently, banks are required to take into account a person's HECS debt when assessing their creditworthiness, but the new rules are expected to ease this burden. This change is likely to be welcomed by many Australians struggling to enter the housing market, with experts predicting an increase in mortgage approvals for those with student debt. The move is part of a broader effort to improve affordability and accessibility in the housing market, with keywords like 'home loan eligibility' and 'mortgage applications' set to become increasingly important.