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Teachers hold one of Australia's largest workforces. Permanently employed government school teachers are considered strong borrowers — LMI waivers, HECS/HELP impact, and the best lenders for educators explained.
Some lenders offer LMI waivers for permanently employed government school teachers up to 90% LVR. This is a lender-by-lender policy, not a universal benefit.
Yes. Under APRA guidelines lenders must include your HECS repayment obligation as a liability, which reduces assessed serviceable income and therefore borrowing power.
Yes. Casual income is typically shaded to 80% of its face value by most lenders. Permanent contracts are assessed at 100%, which significantly increases borrowing power.
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