Australia’s interest-only mortgage time bomb is rigged to blow

Wednesday 28 November 2018

About 900,000 mortgage holders are about to see their mortgage repayments rise as they shift from interest-only to principal and interest, according to analysts at finder.com:

An estimated 900,00 Australian households could fall into mortgage stress over the next two years, as a $295 billion mortgage bomb begins to unravel…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.