EP:29 - HECS Debt Explained for Property Investors
HECS Debt.
Alot of us have one, but do you actually know how much you pay every year, how it affects your borrowing capacity and how the banks see it?
Today's chat comes after a series of polls from our online audience revealed only 24-40% of viewers knew the correct answer regarding their HECS Debt. In todays episode, we discuss:
- What is HECS debt, why do we have it and what it stands for
- The criteria for having to pay it back
- How much HECS you pay compared to your salary (as a % and $)
- What is indexation, how it is applied and how it affects you
- The 11 month rule
- How much your…
The skinny
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