Australian banks doubled high leverage mortgages as pandemic hit
Australian banks doubled their
lending to the most leveraged home owners in the March quarter,
just as the country shut its economy due to the COVID-19
pandemic, data shows, putting them at risk of acute mortgage
stress if prices fall as predicted.
lending to the most leveraged home owners in the March quarter,
just as the country shut its economy due to the COVID-19
pandemic, data shows, putting them at risk of acute mortgage
stress if prices fall as predicted.
Posted by Reuters
