Interest-only loan value drops for first time since GFC
In a big win for regulators hoping to throttle back speculative property lending, the stock of interest-only loans has fallen for the first time since the global financial crisis.
Figures released by the Australian Prudential Regulation Authority (APRA) show the aggregate value of interest-only loans fell by $2.3 billion in the June quarter.
Read the full article on ABC Online.
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