Business
The great mortgage extend and pretend – MacroBusiness
The latest Australian Prudential Regulatory Authority (APRA) data on mortgage repayment deferrals revealed that $195 billion of mortgages have been deferred by around 500,000 Australian households, accounting for 11% of total outstanding mortgage debt: Moreov…
The latest Australian Prudential Regulatory Authority (APRA) data on mortgage repayment deferrals revealed that $195 billion of mortgages have been deferred by around 500,000 Australian households, accounting for 11% of total outstanding mortgage debt:
Moreover, around one-third of investor mortgages have been deferred, according to APRA:
With the September deadline on the resumption of mortgage repayments fast approaching, Australia’s banks are unsure about how they should deal with the large…
