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Low doc loans still popular despite rate increases

Staff Reporter 1 minute read

The low doc loan market grew by 26 per cent to reach $8.4 billion last year, despite being hampered by surging interest rates said research house MISC Australia today.

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The growth in low doc mortgages coincided with three successive quarters of interest rate rises – each of 25 basis points – plus an additional hike in August this year.

Low doc loans still popular despite rate increases
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