Mortgage deferral rate in Australia in H2 2020, by bank

Published by Statista Research Department, Mar 11, 2021
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 June 2020, the Commonwealth Bank of Australia, which is one of the largest mortgage lenders in the country, granted deferrals to nearly 11 percent of housing loans outstanding. In December, the deferral rate had decreased to 2.6 percent.

Share of mortgage lending subject to temporary repayment deferral in Australia from June 2020 to December 2020, by bank

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Source

Release date

January 2021

Region

Australia

Survey time period

June 2020 to December 2020

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