🚨 HECS Cut Just Passed – Here’s Why First Home Buyers Should Act Now
If you’re a first home buyer in Redland Bay or Shailer Park, this might be the best news you’ll hear all year.
The federal government has just passed legislation to cut HECS-HELP indexation by 20%—a major win for aspiring homeowners. And if you’re sitting on a student loan, this could put real dollars back in your pocket and open the door to your first property.
As a local mortgage broker in Shailer Park and servicing buyers in Redland Bay, I’m seeing first-hand how these changes are already helping buyers qualify sooner, borrow more, and get approved faster.
Let’s break it down.
📉 What the 20% HECS Indexation Reduction Actually Means
Every year, your HECS debt is indexed—in other words, increased with inflation.
In 2023, this meant a painful 7.1% rise in debt for many people—without them borrowing a cent more.
Now, with this new legislation passed through the House of Representatives, indexation is being reduced by 20%, backdated to June 2023.
If your HECS went up by $3,000 last year, you could see about $600 of that wiped away.
This is more than just a nice surprise—it could have a direct impact on your borrowing power.
💳 Lenders Are Rethinking HECS – Borrowing Power Just Got a Boost
Here’s the part that’s flying under the radar:
Some lenders are now ignoring HECS debts under $10,000–$20,000 altogether when assessing your home loan application.
That means:
- Your borrowing power could increase by tens of thousands
- You may now qualify for a loan you wouldn’t have previously
- It’s becoming easier to get approved sooner
As a trusted mortgage broker in Redland Bay and Shailer Park, I work closely with lenders who are already applying this updated policy.
So if you’ve been told before that your HECS was holding you back—that may no longer be true.
🎓 The First Home Buyers Program – Now Just $22
To help you take full advantage of these changes, I’m offering my First Home Buyers Program for a limited time at just $22 (normally $250).
This is a step-by-step guide I created to walk you through:
✅ How to save your deposit
✅ How much you can really borrow
✅ Understanding grants and incentives
✅ How to make an offer and negotiate
✅ What happens after you buy
✅ How to save thousands on your mortgage long term
Whether you’re buying in Shailer Park, Redland Bay, or anywhere in SEQ—this program is designed to help you confidently take your next step.
👉 Click here to join now for $22:
https://maryanne-elliott.mykajabi.com/offers/MGN9cHua/checkout
📍 Local Insight from a Mortgage Broker in Shailer Park & Redland Bay
I specialise in helping first home buyers across Shailer Park, Redland Bay, and surrounding suburbs get loan-ready and into their first homes sooner.
With these new HECS policy changes and lender updates, now is the perfect time to:
- Review your eligibility
- Increase your borrowing power
- Start your property journey with confidence
✅ Take Action While the Window’s Open
Between the HECS relief, more generous lender policies, and this massive discount on the First Home Buyers Program, this could be the opportunity you’ve been waiting for.
🔗 Enrol now – only $22 for a limited time:
https://maryanne-elliott.mykajabi.com/offers/MGN9cHua/checkout
And if you want personalised guidance or need a mortgage broker in Shailer Park or Redland Bay, feel free to reach out directly. I’d love to help you get into your first home faster