Coalition plans to defer HECS debts and ease lending rules to aid first-time home buyers.
The Coalition plans to defer HECS debts and ease lending rules to assist Australians in buying their first home. This proposal comes amid an inquiry by the opposition and Greens, who are investigating laws requiring banks to ensure borrowers can afford increased interest rates. Liberal senator Andrew Bragg suggests that while current mortgage default rates are low, they should be higher to indicate banks are taking adequate risks to support aspiring homeowners.
August 14, 2024
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