ABC’s The Business does specufestor lending

By Leith van Onselen

ABC’s The Business last night ran a segment on the out-of-cycle mortgage rate hikes by the the banks, which is primarily affecting property investors, as well as some interest-only owner-occupier borrowers.

The segment features Stephen Walters, chief economist from the Australian Institute of Company Directors, as well as Omkar Joshi, banking analyst at Regent Funds Management.

The segment concludes claiming that out-of-cycle mortgage rate rises will continue, putting increasing pressure on Australia’s specufestors.