Is Your HECS Debt Stopping You From Owning A Home?

2023-05-02

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Student HECS debts are about to rise, with the biggest indexation increase in over thirty years. It means for some, the debt will be increasing at a rate higher than they're able to pay it back. While thousands of Australians will be affected, and with the cost of living rapidly increasing, what does it mean for our financial futures? In this episode of The Quicky, we take a look at the things affecting our borrowing power preventing Aussies from getting a home loan. Subscribe to Mamamia GET IN TOUCH Feedback? We’re listening! Call the pod phone on 02 8999...

Student HECS debts are about to rise, with the biggest indexation increase in over thirty years. It means for some, the debt will be increasing at a rate higher than they're able to pay it back.

While thousands of Australians will be affected, and with the cost of living rapidly increasing, what does it mean for our financial futures?

In this episode of The Quicky, we take a look at the things affecting our borrowing power preventing Aussies from getting a home loan.

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CREDITS

Host: Emma Gillespie

With thanks to:

Jen Hughes - Mortgage Broker with Mortgage Choice

Preeti Kowshik- Senior Broker with Home Loan Experts