PHOTO: Happiness is having a home and mortgage locked and loaded. Source: Supplied
Christmas has come early for thousands of Australian property investors — and banks — after APRA confirmed it would lift the floodgate on interest-only borrowing from January 1.
The move could prove a boon to banks as well, with the sector considered a cash cow for lenders, raking in an extra billion dollars just in higher rates for interest-only loans last year.
READ MORE VIA NEWS.COM.AU