General
New Interest-Only Mortgage Lending Falls Sharply in June 2017 Quarter
The quarterly property exposures data of authorised deposit-taking institutions (ADIs) reveals a big fall in interest-only mortgage lending in the June 2017 quarter. Although the Australian Prudential Regulation Authority (APRA) has mandated a 30% cap on interest only mortgage terms, this cap becomes effective from the September 2017 quarter. The latest data indicates that although there is still some work to do, most of the heavy lifting was done over the June 2017 quarter.
-
General18 hours agoBali scooter crash victim Keanu Neilsen’s surgery could cost more than $100,000
-
Noosa News22 hours agoOprah Winfrey Is Getting Chatting in Australia and NZ in 2025 on Her First Down Under Tour in a Decade
-
Noosa News12 hours agoTerminal evacuated at Brisbane Airport, significant delays expected
-
Noosa News15 hours agoFormer Channel Nine reporter Benjamin McCormack facing dozens of child abuse material charges in Brisbane