Changes to the way tuition debt is assessed and a smaller serviceability buffer would increase the borrowing power of younger buyers, NAB says.
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Reducing the home-loan serviceability buffer and removing tuition debt from lending assessments could increase an average first home buyer’s borrowing capacity from $497,000 to $613,000, NAB says.
But the other major banks are split on the best way to make the property market kinder to new entrants.
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Original URL: https://www.afr.com/wealth/personal-finance/two-tweaks-would-let-first-home-buyers-borrow-116-000-more-nab-20241113-p5kq8y
