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Debt Bomb

Reserve Bank of Australia governor, Philip Lowe
Reserve Bank of Australia governor, Philip Lowe Source: AAP

There are warnings the big banks are handing out too many home loans to people who may find themselves unable to repay their debts.


Published

Updated

By Abbie O'Brien

Presented by Tia Ardha

Source: SBS



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There are warnings the big banks are handing out too many home loans to people who may find themselves unable to repay their debts.


Phil Lowe said home loans are continuing to outstrip household income growth.

He partly blamed the banks, saying they are too liberal in their lending practices.

 


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