12 February 2019

CHBA joined other industry stakeholders in demanding a policy review from the federal government. It also suggested restoring 30-year mortgages for first-time home buyers and adjusting today’s stress test given the market changes.

“We’ve provided two constructive recommendations to the government, which can help buyers and still won’t pose a strong financial threat. According to Equifax, young people represent the lowest risk group in terms of mortgage arrears, but it’s them who are most influenced by the mortgage rule changes,” – Lee added.

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