Business
Australia’s mortgage cliff still towers over property market – MacroBusiness
The Australian Prudential Regulatory Authority (APRA) has updated its statistics on Australian loan repayment deferrals, which reveals that there were still $22…
The Australian Prudential Regulatory Authority (APRA) has updated its statistics on Australian loan repayment deferrals, which reveals that there were still $229 billion loans outstanding as at 31 August, accounting for 8.5% of total loans outstanding by value:
Of these, $160 billion of deferred loans were mortgages, accounting for 9.0% of total mortgages outstanding.
In number terms, 393,467 mortgages were deferred as at 31 August, accounting for 7% of total mortgage facilities.
In early Sep…
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