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Why Australians can't access 30-year fixed-rate loans like they do in the US | ABC News
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Rising interest rates mean many Australians coming off fixed-term loans are facing thousands of dollars in extra monthly repayments. Wouldn't it be great if those loans could have been fixed for 30 years? That's what many Americans get.
Alan Kohler takes a look at why that's not an option in Australia.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
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Alan Kohler takes a look at why that's not an option in Australia.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
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