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The Coalition’s recently announced paid parental leave scheme could benefit more than just mothers and families, according to the FBAA.
FBAA national president Peter White said having children was a difficult time for families with a home loan since mortgage payments need to keep going while often a parent may be forced to take time out from work.
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“Two-income families paying a mortgage will obviously be in a better financial position, reducing mortgage stress,” he said.
According to Mr White, the Coalition’s scheme will reduce pressure on families and give couples more confidence when entering into a long-term mortgage, benefiting brokers and everyone else involved in the finance and housing sectors.
“There are many industries relying on the housing market, so I’d imagine the potential benefits to the overall economy are immeasurable,” Mr White said.
