11 Mar 2022

Strict lending rules tweaked, giving first home buyers hope

From Checkpoint, 5:22 pm on 11 March 2022

It's hoped changes to contentious lending rules will be the break many first home buyers need.

Tighter lending restrictions were brought in late last year to crack down on predatory lending - but ended up locking many out of the housing market. 

The government is now moving to tweak the legislation so takeaway purchases and Netflix subscriptions can't be used against prospective lenders.

Our political reporter Anneke Smith has more.