The declining share of interest-only mortgages issued by Australian banks, in one chart

Since APRA’s lending restrictions in March 2017, the average portfolio share of interest-only loans among the big banks has fallen from 39.5% to 27.9%. The shift in behaviour partly illustrates the effect of tighter lending standards, which have been cited as the main catalyst for Australia’s housing downturn. Westpac’s […]

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