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1.Market Observations, 8.Was Sticky

15 Sept 2016 (AFR) – Risky interest-only loans stage a comeback despite crackdown

(15 September 2016, AFR, p9, by Duncan Hughes)

‘The risks of a ‘Big Short’-style melt-down in the Australian property market could be on the rise despite a crackdown by regulators after a $7 billion jump in the value of interest-only loans. Following the Reserve Bank of Australia’s cut in interest rates, interest-only loans have risen to account for more than one in three new property loans, according to new data on lending from the Australian Securities and Investments Commission. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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