Business
Half of Australia’s paused home loans still not being repaid as amnesty period comes to a close – ABC News
Nearly half-a-million Australians deferred their home loans due to the coronavirus pandemic but with the six-month pause period coming to an end and only half t…
Almost half of Australian home loans deferred due to the coronavirus pandemic are now being repaid, but that also means half are not.
Key points:
- Almost 270,000 Australian home loans are currently not being repaid
- Reports suggest one in five people with loans on pause are ‘ghosting’ or avoiding communications from their lender
- Australian Banking Association CEO Anna Bligh has called on people who are in financial difficulty due to the effects of the pandemic to engage w…
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