Business
Banks may gouge struggling mortgage holders – MacroBusiness
According to APRA, repayments on $195 billion of mortgages had been deferred as at August, representing 11% of Australia’s total mortgage loan book. With a significant chunk of these borrowers still experiencing financial stress, and likely to seek further re…
According to APRA, repayments on $195 billion of mortgages had been deferred as at August, representing 11% of Australia’s total mortgage loan book.
With a significant chunk of these borrowers still experiencing financial stress, and likely to seek further relief from mortgage repayments, there are concerns that Australia’s banks may take the opportunity to jack-up mortgage rates:
Home buyers unable to resume normal repayments beyond the loan deferral deadline at the end of September may be fo…
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