Business
Price crash fears subside as mortgage holidays end for tens of thousands of home owners – Sydney Morning Herald
Tens of thousands of home owners are repaying their loans again after lengthy mortgage holidays as experts say most major housing markets outside Victoria will…
The trend is similar at other major banks. ANZ disclosed last week that about 80 per cent of its 55,000 customers whose mortgage holiday had ended have now returned to full payments. Another 40,000 were still in their first deferral period. ANZ forecasts residential property prices to fall 2.2 per cent in the 2020 calendar year, drop 4.8 per cent next year and then increase 2 per cent in 2022.
CBA senior economist Gareth Aird has forecast Sydney house prices to fall 0.9 per cent over the year to…
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