Moody's notes that says mortgage delinquency rates in Australia declined on average in every state. territory, capital city and most regions over the year to November 2020.
Looking ahead:
- Over coming months, delinquency rates will increase on average at varying rates across Australia, because of the uneven economic recovery and the end of borrower support measures.
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Note also that its not only borrower support measures but job/wage support measures are ending also. While the labour market has been leaping ahead in improvement this removal of support is the next test, coming real soon.
