Are we headed for a mortgage disaster?

• HAS Australia gotten too swept up in our great love affair with property?

As homebuyers rush to get a foothold in the property market, interest-only home loans, whereby a homeowner only pays back the interest repayments on their mortgage rather than the actual mortgage itself, have been rising.

And they have been consistently rising for close to a decade, since the Australian Prudential Regulation Authority (APRA) started releasing this data in 2008.

READ MORE VIA NEWS.COM.AU