Interest-merely lenders usually are used by investors to possess a number away from explanations and you may latest statistics demonstrate that there were a good solid shift on the these types of mortgage brokers having investors.
Depending on the Australian Prudential Control Power (APRA), the worth of attention-simply funds grew by the more fourteen percent into the 2014 to September 31. Plus, regarding Sep one-fourth by yourself, just how many residential interest-only financing approvals attained 42.5 percent.
There are certain reason property buyers often prefer the attention-sole option because of their investment functions. Devam