GENERAL NEWS
THE Albanese government will instruct financial regulators to pull back on their treatment of HELP debts in serviceability requirements and debt reporting, making it easier for...
APRA will start consultation soon on the treatment of HELP debts in serviceability requirements and debt reporting, while ASIC will quickly implement changes to its guidance...
People with a HELP debt should be treated fairly when they want to buy a house and we’re working with the regulators to make sure they are...
The announcement comes as an election nears and as the nation struggles with a severe undersupply of homes that has led to a national housing crisis...
Some lenders have interpreted advice issued by APRA in 2017, that finance for construction of new unit blocks should depend on all properties being pre‑sold, a statement from...
The interpretation of this guidance as ‘100% pre‑sales’ by some lenders has limited housing supply, as smaller developers often don’t have the capital to finance the start of construction...
APRA will communicate to banks that while it expects banks to consider the extent of pre-sales as part of prudent credit risk management, APRA does not expect 100% pre‑sales...
National cabinet’s National Housing Accord officially launched in July with the aim of delivering 1.2 million “well-located” homes across the country over five years. However...
We have heard from our members about the difficulty in accessing finance from banks without significant pre-sale of dwellings which is unsustainable in the current economic...
As we have seen in the recent increase in insolvencies in the industry, Master Builders encourages the federal government and regulators to look at other practices along the...