Australians looking to enter the housing market but held back by their student debts will be given a helping hand under changes to lending requirements.
The ACT’s Container Deposit Scheme should perhaps be called a Housing Deposit Scheme because Greenway resident Ashlee Rankin is cashing in cans on a grand scale to help pay off her mortgage.
More than a quarter of homes were bought without a mortgage last year, suggesting there's a sizeable cohort insulated from aggressive interest rate rises.
Confidence among households with a mortgage has dropped sharply in the past month as expectations build for a hike in the cash rate by the central bank in just a few months' time, with more increases to follow.
