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…
-
General13 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls
-
General16 hours agoAustralia’s race to rewire the country amid a global transmission boom is not unique
-
Business17 hours agoI was a huge fan of Fortescue shares, then this happened…
-
General21 hours agoPrincess Diana enters Paris waxwork museum in ‘revenge dress’