The coronavirus (COVID-19) pandemic caused major income disruption worldwide and raised concerns about the ability of mortgage borrowers to repay their housing loans. In Australia, many mortgage providers have introduced temporary relief to borrowers struggling because of the pandemic. In October 2020, the Commonwealth Bank of Australia, which is one of the largest mortgage lenders in the country, granted deferrals to four percent of housing loans outstanding. One year later, as of October 2021, the share of deferrals was 0.6 percent.
Share of mortgage lending subject to temporary repayment deferral in Australia as of October 2020 and October 2021, by bank
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Statista. (November 30, 2021). Share of mortgage lending subject to temporary repayment deferral in Australia as of October 2020 and October 2021, by bank [Graph]. In Statista. Retrieved July 01, 2022, from https://www.statista.com/statistics/1211669/deferral-mortgages-as-share-of-outstanding-mortgage-lending-by-bank-australia/
Statista. "Share of mortgage lending subject to temporary repayment deferral in Australia as of October 2020 and October 2021, by bank." Chart. November 30, 2021. Statista. Accessed July 01, 2022. https://www.statista.com/statistics/1211669/deferral-mortgages-as-share-of-outstanding-mortgage-lending-by-bank-australia/
Statista. (2021). Share of mortgage lending subject to temporary repayment deferral in Australia as of October 2020 and October 2021, by bank. Statista. Statista Inc.. Accessed: July 01, 2022. https://www.statista.com/statistics/1211669/deferral-mortgages-as-share-of-outstanding-mortgage-lending-by-bank-australia/
Statista. "Share of Mortgage Lending Subject to Temporary Repayment Deferral in Australia as of October 2020 and October 2021, by Bank." Statista, Statista Inc., 30 Nov 2021, https://www.statista.com/statistics/1211669/deferral-mortgages-as-share-of-outstanding-mortgage-lending-by-bank-australia/
Statista, Share of mortgage lending subject to temporary repayment deferral in Australia as of October 2020 and October 2021, by bank Statista, https://www.statista.com/statistics/1211669/deferral-mortgages-as-share-of-outstanding-mortgage-lending-by-bank-australia/ (last visited July 01, 2022)
