The level of risk in the Australian mortgage market has been an issue of debate domestically and internationally ever since the subprime crisis in the US began in 2007.
Yet, the debate too often is conducted at the level of averages and on assertions, rather than based on detailed analysis of the facts. In our perspective, Risk in the Australian Mortgage Market: Looking Beyond the Average, we explain why a proper assessment of Australian mortgage securities risk requires a much more granular understanding of the market.
