Debt Excess(es), page-60

Mortgage deep freeze STILL looking dangerous; When around one in every ten Australian mortgages “took a holiday’’, the idea was that it would be a temporary COVID-19 measure and repayments would begin again afterwards. Now that time has arrived and after emerging from the deep freeze after six months, that tangled mass of frozen mortgages is proving very difficult to thaw. The most recent August figures from the banking regulator, APRA (Australian Prudential Regulation Authority), show that 9% of housing loans, worth $160 billion, are still on hold


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