Business
Australia’s mortgage distress hotspot revealed as end of JobKeeper scheme looms – ABC News
At the height of the coronavirus pandemic last year, more than 1 million loans were deferred. Now, as the economy begins to recover, those who still have deferred…
The financial impact of hard lockdowns on Australian households has been revealed in data provided exclusively to 7.30, with Victoria shown to have more outstanding mortgage deferrals than any other state or territory.
Key points:
- More than 80,000 Australians are still deferring their home loans, according to data from the Australian Banking Association
- Victoria has the highest percentage of mortgage deferrals still outstanding
- Some businesses and homeowners are worried they are being left behind…
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