
Are Interest Only Loans as bad as APRA and ASIC want you to think?
I read an interesting article recently written by Noel Whittaker, where he talked a bit about how Interest only loans have seemingly become public enemy number 1, or at least as far as APRA and ASIC are concerned. Is that really justified though? What is it that the APRA and ASIC have against interest only loans and what really are the risks? The argument being put forth is that interest only loans are a risk because none of the principal is being repaid and unless the prop