What does the American sub-prime mortgage crisis mean for Australia?

[Walter]

Hello there,

...big question; read the answer here !

Have a nice day

[YIPYM]

If you take news from Your Investment Property a shift back to big banks has been taking place, with borrowers looking for increased perceived security in larger institutions. But with the recent interest rate rise, it will be interesting to see if clients react to this by moving back to the non-bank lenders or whether they will continue to seek the safety of the Big Four despite the interest rate increases.