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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.

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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