Katy Gallagher has announced that the taxpayer is going to be funding $10,000 interest free loans for mortgagees who get in a spot of bother:
The Treasurer said interest free loans of up to $10,000 were now available to eligible Canberra homeowners at risk of defaulting on their mortgage due to a sudden change in circumstances such as illness or unemployment.
“We are fortunate here in the ACT that Canberrans generally earn higher average incomes, our unemployment rate is the lowest in the country and more recently we have enjoyed historically low interest rates, however, we mustn’t forget that there are people in our community who continue to struggle,” Ms Gallagher said.
Good to see the homeowners being looked after. As opposed to those scabby renters.