Most Australian mortgage holders on track with loan repayments despite high interest rates, RBA official reveals - short news
Number of borrowers in ‘severe financial stress’ has risen but most resilient, Reserve Bank’s Andrea Brischetto says
Most of Australia’s mortgage holders have been able to adjust to higher interest rates, with “close to 99%” of loans remaining on or ahead of repayment schedules, according to the head of the Reserve Bank’s financial stability unit.
In a speech in Sydney on Friday, Andrea Brischetto said that while the number of borrowers in “severe financial..
source: The Guardian - 08.12.2023