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Is Australia’s interest-only mortgage cliff as big as US sub-prime?

January 18, 2018 - 05:17 -- Admin

Domainfax is worried: Queensland property investor Peter Button “grabbed the profit and ran” when his interest-only loan expired and he realised that refinancing would trigger a hefty increase in repayments. “I saw a refinancing issue coming over the horizon, it was easier to just get rid of it,” said Mr Button who recently sold his

The post Is Australia’s interest-only mortgage cliff as big as US sub-prime? appeared first on MacroBusiness.

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