- Borrowed within low interest rates: Of several consumers one grabbed away (or refinanced) finance for the pandemic got the borrowing from the bank skill analyzed at the an interest lower than the newest price.
- Present basic homebuyers: Very first home buyers have a tendency to take out money with a high LVRs because preserving having a deposit are tough. People who purchased has just supply got less time to create security or coupons buffers; we focus on first home buyers just who bought in the last 36 months.
Recent advancements in arrears
An evaluation of the latest advancements into the arrears one of consumers on services identified more than implies that arrears cost certainly one of very leveraged borrowers is highest and just have improved on large speed (Graph dos). (more…)