Banking mistake that could see you suffer

• THE lure of property market riches and interest-only lending by banks is sending vulnerable households towards financial crisis and the central bank is worried.

Reserve Bank governor Philip Lowe is warning that household debt is rising and the property element jumped 6.5 per cent over the past year.

READ MORE VIA NEWS.COM.AU

RBA Governor Philip Lowe has a sobering warning for bank customers.Source:News Corp Australia