Business
‘Liar loans’ on the rise as risky mortgages drive house price boom – ABC News
Home prices are up almost 20 per cent over the past year, with few signs of slowing down. Investment bank UBS warns a record…
Australian home prices have surged almost 20 per cent over the past year, and investment bank UBS has warned that a record level of “liar loans” as buyers “chase the market” could be one reason why.
Key points:
- A record 41 per cent of loan applications…
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