What could possibly go wrong?
PAY $73,000 MORE
In 2014 alone 332,000 investors borrowed an average of $430,000 in interest only loans to buy Australian real estate.
Over a typical 25 year loan* those investors can expect to pay an extra $72,953 dollars each in interest on average.
[* assuming 5%p.a., a 10 year interest free period and $10 per month fees.]