New figures show that paying off a HECS loan may significantly reduce a graduate’s borrowing power for a mortgage, with a potential impact of almost $100,000. Graduates on salaries of $125,000, $100,000, and $75,000 could see their borrowing capacity reduced by $95,900, $56,300, and $26,800 respectively due to their HECS debt. This is because banks consider a mortgage applicant’s debt-to-income ratio before lending money, and indexation levels on HECS debts have been increasing annually.
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SpaceX Starship explosion setback to Musk Mars mission
SpaceX's Starship spacecraft exploded during a test in Texas, attributed to a "major anomaly" involving a nitrogen storage unit, though all personnel were safe. This incident follows a series of failures this year, including previous explosive mishaps during flights, as Elon Musk aims to develop the rocket for Mars missions. Need More Context? 🔎
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