APRA Clamps Down on Interest Only Loans

© PPA Articles — www.propertyplanning.com.au. Reproduced with permission. Last Friday APRA announced a further crackdown on investment lending in a bid to slow down growing property values. This time APRA has specifically targeted interest only loans to restrict their...
APRA Clamps Down on Interest Only Loans

APRA Clamps Down on Interest Only Loans

Last Friday APRA announced a further crackdown on investment lending in a bid to slow down growing property values. This time APRA has specifically targeted interest only loans to restrict their availability within the mortgage industry. Currently 40% of new mortgages...