Business
Home owners end mortgage holidays in droves as economy improves – The New Daily
Nearly 70 per cent of Australians who paused their home loan due to pandemic pressures have resumed repayments, new data shows.
Nearly 70 per cent of Australians who paused their home loan due to pandemic pressures have resumed repayments as banks encourage customers to assess their options.
But the Australian Banking Association has warned a “time of reckoning” lies ahead, with many remaining deferrers only hanging on because of elevated levels of government support.
The latest figures from the ABA, which assesses the home loan books of the four major banks and those of Suncorp, Adelaide and Bendigo Banks, show that overall…
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