Banks and financial regulators could support first-time home buyers to enter the property market by reducing mortgage “risk weights” to take pressure off interest rates, and removing HECS debt from responsible lending calculations.
The calls made by Barrenjoey banking analyst Jonathan Mott follow major bank CEOs seeking relief from excessive regulation that make it difficult for lenders to provide credit to households on lower incomes.
Loading...
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
