Interest only loans are an economic debacle that could bust the property market
- Written by Richard Holden, Professor of Economics and PLuS Alliance Fellow, UNSW
Vital Signs is a regular economic wrap from UNSW economics professor and Harvard PhD Richard Holden (@profholden). Vital Signs aims to contextualise weekly economic events and cut through the noise of the data affecting global economies.
This week: This risks of interest only loans that the RBA is ignoring and more revenue for the government ahead...