Housing loans make up the majority of total loans on repayment deferral and have a higher incidence of deferral, with 0.7 per cent of these loans subject to deferral, compared to 0.5 per cent of SME loans.
As expected, exits from deferral continue to significantly outweigh entries into deferral, with $22 billion in loans expiring or exiting deferral and less than $500 million entering or being extended.
Victoria remains the state with the highest proportion of loans subject to deferral, at 0.7 per cent compared with the rest of the country at 0.4 per cent, though this difference tightened in February.
- Also read:RBA tells workers to take a “real” pay cut to help the economy | Property Insiders [Video]
- Also read:Latest property price forecasts for 2022 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:Why I’m not worried about inflation — and why you shouldn’t be either
- Also read:12 inflation jargons explained: Here’s everything you need to know
- Also read:Where should I buy my next investment property in Australia?