Caution as interest-only mortgages continue to rise

HAS Australia gotten too swept up in our great love affair with property? As homebuyers rush to get a foothold in the property market, interest-only home loans, whereby a homeowner only pays back the interest repayments on their mortgage rather than the actual mortgage itself, have been rising. And they have been consistently rising for close to a decade, since the Australian Prudential Regulation Authority (APRA) started releasing this data in 2008. #410