Australian Government Flags Eased Rules for Borrowers

Australian Treasurer Josh Frydenberg (L) and Finance Minister Mathias Cormann (R) announce the Federal Budget in Canberra, Australia, on April 2, 2019. Tracey Nearmy/Getty Images

Relaxed rules around property loans are expected to help thousands of Australians get into their first home sooner.

However, Labor has warned despite the benefits of more people being to be able to access finance, the government must ensure lending is responsible and Australians don’t get in over their heads.