As read in Aust Broker online – The RBA has warned that investors with IO loans might face negative equity more quickly than P&I borrowers if house prices were to drop substantially. RBA assistant governor Michele Bullock said on Monday that a large share of property investors has chosen IO loans because of the tax incentives, and that […]

As read in MortgageBusiness Online – Several industry participants have voiced concern over mortgage stress and the rising risk of defaults, as wage growth fails to keep pace with the costs of living. Approximately 51,500 borrowers could be at risk of defaulting on their mortgages in the coming year, with over 30 per cent of […]