Australian Property

This property boom is different

David Llewellyn-Smith
Friday, 31 March 2017
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So say John Abernathy:

According to John Abernethy from Clime, this shows just how much property speculation is going on right now as these investors only focus on getting a capital gain and not repaying the loan.

The Australian Securities and Investments Commission says in 2012 interest-only loans tallied around $88.7 billion but by 2015 it had grown to around $155 billion.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.