Remarks at FINSIA Signature Event: The Regulators
Sydney – 15 2019 november
I am going to talk about mortgage arrears today. Arrears are a significant indicator of this economic health of households and so have implications for the evaluation of current economic climates in addition to outlook that is economic. They demonstrably will also be a crucial indicator associated with economic wellness of those writing mortgages, be it banks or non-banks. I shall draw on product posted into the October Financial Stability Review and a message written by my colleague Jonathan Kearns. 1
The home loan arrears price, at 1 percent, is low by both historic and worldwide criteria.