Tag: housing affordability
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Melbourne First-Home Buyer Navigates Housing Affordability Challenges
Sharna Hackett, a prospective first-home buyer in Melbourne, is eyeing her dream of owning a property in the bustling city. Having recently returned to Melbourne after securing a coveted job in the visual effects industry, she is now on the hunt for a two-bedroom apartment near her workplace. Years of diligent saving have brought her…
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Insurance Council of Australia Supports Coalition’s Proposal for Mortgage Insurance Reform
The Insurance Council of Australia (ICA) has thrown its weight behind the federal Coalition’s proposal to revamp the way the Australian Prudential Regulation Authority (APRA) applies capital requirements to home loans supported by lenders’ mortgage insurance (LMI). This move is part of a broader effort to enhance housing affordability and resilience in the country. Federal…