Business
Mortgage deferrals are winding up, so what happens next? – ABC News
For six months, hundreds of thousands of borrowers have been able to put their mortgage repayments on hold as they dealt with the COVID-19 crisis. But, for most…
For six months people with mortgages have been able to pause repaying their loans. The offer, made by Australia’s banks to their home loan customers, temporarily stopped what is normally the biggest expense for many households.
Key points:
- The initial six-month COVID loan deferrals are expiring now and banks say they will only grant a four-month extension in cases of severe hardship
- As of August, 9 per cent of home loans, worth $160 billion, were still on deferrals
- Bank…
-
Noosa News23 hours agoReubhan Ralph identified as man behind terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
General21 hours agoPolice say new leads being pursued after baby’s body found in Alexander Heights stormwater drain
-
Noosa News24 hours agoSchoolgirls hit by fishtailing car in terrifying crash in Bellbird Park, Ipswich
-
Noosa News21 hours agoPolice charge second man over alleged assault in Gold Coast car seller on Facebook’s Marketplace