- RBA’s Debelle: Risks that mortgage arrears currently pose to bank profitability are low
Market news
15 November 2019
RBA’s Debelle: Risks that mortgage arrears currently pose to bank profitability are low
Mortgage arrears rate at 1%, low by historical, international standards.
Mortgage arrears rates have been increasing in recent years, highest for around a decade.
Unlikely that national arrears rate will increase substantially from here.
Tighter lending standards placed downward pressure on arrears.
Non-performing loans currently pose little risk to health of financial institutions.
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