Updated 04.08.2025 | First Published 24.07.2025

From 31 July, if someone owes $20,000 or less in student debt, it won’t affect how much they can borrow for their new home with NAB.

This means that NAB customers with HELP debt could see a boost in their borrowing power, helping them get into the property market sooner or buy a home that better suits their needs.

NAB Executive for Home Ownership Matt Dawson

NAB Executive for Home Ownership Matt Dawson said this change will make a real difference for first-home buyers especially.

“For too long HELP debt has been a roadblock for many Australians looking to buy a home,” said Mr Dawson.

“NAB was pleased to advocate for this change last year which will allow more people to turn their homeownership dreams into reality, faster.

“From 31 July, some HELP repayments won’t be part of NAB’s home lending assessment, so customers can hit the real estate market sooner.”

While NAB welcomes the move by the regulator to increase buying capacity for home buyers by clarifying the treatment of HELP debt, Mr Dawson said housing supply remained the most significant challenge.

“It is critical to address both demand and supply-side measures together to help more Australians buy a home. There’s no simple fix, solving Australia’s housing challenges will take collaboration across the board.”

If you’re thinking about buying a home, chat with a NAB banker today.

Notes to the editor:

  • NAB has a long history of supporting first home buyers. Since January 2020 NAB has helped over 45,000 Australians purchase their first homes through the federal government’s Home Guarantee Scheme.

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