Concern over number of people with interest only mortgages

ANZ CEO Shayne Elliott prepares to speak during the House of Representatives Economic Committee inquiry at Parliament House in Canberra, Wednesday, October 11, 2017. (AAP Image/Lukas Coch) NO ARCHIVING

Chief Executive of the Business Council of Australia Jennifer Westacott, Canberra, Wednesday, October 11, 2017. (AAP Image/Lukas Coch) NO ARCHIVING Source: AAP

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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.

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Concern over number of people with interest only mortgages

SBS Bosnian

Follow and Subscribe

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.

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