Mortgage deferrals slashed again (https://www.businessinsider.com.au/australia-mortgage-deferrals-loans-repayments-2021-1)
Australian mortgage deferrals have fallen to just a quarter of their peak, according to the latest APRA figures.
MORTGAGE
Residential sales nationally are outpacing fresh listings of properties for sale as buyers take advantage of low mortgage rates.
Australia’s housing market looks set to perk up from the pandemic-induced slump very soon, new data has revealed.
First home buyers are plunging into the market during the pandemic, but for most, it’s taken a good few years of saving to get to the point of purchasing.
With fixed interest rates running at record lows, the renting generation is finally keen to shoulder that massive debt.
While banks are encouraging customers to begin paying back loans, many are simply not in a position to do so.
For Aussie property to double in value every seven years, values would need to grow on average by about 10% per annum.
Property developers counting on the housing market to escape forecast falls are in for a rude shock once government supports are terminated, a property insider …
According to APRA, $192 billion of mortgages have been deferred by authorised deposit-taking institutions (ADIs), comprising 11% of all housing loans.
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