Concern over number of people with interest only mortgages

Consumer groups have expressed concern after banking giant Westpac revealed half of its customers with mortgages are still paying interest-only on their loans. That's despite a regulator push for a cap, and it comes off the back of rising household debt and slow income growth.

Chief Executive of the Business Council of Australia Jennifer Westacott delivers a speech at the National Press Club in Canberra Source: AAP