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.
Full Article
Baby Alvin family face killer dad Ashley John McGregor in court
Ashley John McGregor was found guilty of manslaughter and criminal neglect after violently shaking his 19-day-old son, Alvin, leading to the baby's death on April 23, 2021. Despite clear signs of injury, neither McGregor nor Alvin's mother, Rebecca Lea Denton, sought medical help for nearly two days, with Denton later pleading guilty to criminal neglect. Family members expressed their profound grief in court, emphasizing the irreversible impact of Alvin's death on their lives. Full Article
Read more