This month is crunch time for home-owners and investors who signed up for the Government's mortgage deferral scheme in last year's economic downturn. In the six months after the first lockdown, more than 61,000 bank customers deferred all repayments on consumer loans totalling around $21 billion. Australia is among countries that have, in the past, applied restrictions on interest-only mortgages due to the risks they post to financial stability. He wouldn't rule out interest-only loans entirely. "You can think of some good reasons why interest-only loans make sense, like when you're bridging finance between one property and another.

Source: Stuff March 03, 2021 21:56 UTC