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AAP
AAP
Politics
Jacob Shteyman

Financial regulations are 'punishing' first homebuyers

Mick Tsikas Mike Zorbas Tim Reardon United States
First homebuyers face onerous regulations when trying to secure finance, housing experts say. (Mick Tsikas/AAP PHOTOS)

First homebuyers are being "punished" by onerous lending requirements that benefit investors and further entrench inequity in Australia's housing market.

Financial regulations are making it harder for borrowers to access mortgages, giving people who already have sufficient wealth an advantage, a parliamentary committee heard on Wednesday.

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