With interest rates now around the mid-4% range, and even lower, there’s really no need to have an Interest Only loan, whether you’re an investor or owner-occupier.
Now is the time to give back to first home buyers and make selling more attractive to older Australians who are sitting on the family home because of stamp duty bracket creep.
The major drivers of the housing bubble were low interest rates and easy access to finance, but the evidence of a housing bubble in the rest of Australia was not strong, says Treasury Head.