Business
Australia’s mortgage time bomb rigged to blow – MacroBusiness
Earlier this month, the Australian Prudential Regulatory Authority (APRA) released data confirming that just under half a million borrowers had deferred repayments on $192 billion worth of mortgages: These mortgage deferrals comprise 11% of all housing loans,…
Earlier this month, the Australian Prudential Regulatory Authority (APRA) released data confirming that just under half a million borrowers had deferred repayments on $192 billion worth of mortgages:
These mortgage deferrals comprise 11% of all housing loans, according to APRA, with around on-third of property investors with mortgages taking advantage of the repayment holidays:
A new survey from RateCity suggests that more than one-quarter of borrowers with a deferred mortgage will not be able…
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