Business
Australia’s mortgage cliff shrinks to $133 billion – MacroBusiness
The Australian Prudential Regulatory Authority (APRA) on Friday updated its loan deferrals data to September 2020, which revealed that there were still $179 billion loans outstanding as at 30 September, accounting for 6.7% of total loans outstanding by value:
The volume of deferred mortgages was $133 billion in September, accounting for 7.4% of total housing loans outstanding by value. This was down from a peak of $192 billion in May (11% of outstanding mortgages).
In number terms, 324,894 mortgages…
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