APRA will also clarify that property developers do not need to have sold all units off the plan to get a loan.

In short:

Banks will be told not to count HECS-HELP and other student loans in debt calculations for home loans, and to disregard HELP repayments from serviceability assessments.

APRA will also update lending rules for housing developers to clarify that a block of units does not need to be fully sold off the plan to qualify for a loan.

What’s next?

The Coalition is mulling its own move on lending requirements, with a proposal soon to come before shadow cabinet.

  • No1
    3·
    9 days ago

    Sounds stupid.

    If you don’t want the debt included, then forgive the debt