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Australian Mortgage Stress Increases As Delinquencies Rise

AUSTRALIA
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The combination of high interest rates and inflation has materially reduced Australia’s household savings ratio to the lowest level since 2008 of 1.1%, which is weakening the ability of financially vulnerable borrowers to meet mortgage repayments. It's important to note though that savings in borrowers outset accounts has surprised many as they had increased toward the end of 2023.


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The combination of high interest rates and inflation has materially reduced Australia’s household savings ratio to the lowest level since 2008 of 1.1%, which is weakening the ability of financially vulnerable borrowers to meet mortgage repayments. It's important to note though that savings in borrowers outset accounts has surprised many as they had increased toward the end of 2023.


Keep reading...Show less