No mort­gage ar­rears fear

Mercury (Hobart) - - BUSINESS -

THE pro­por­tion of bor­row­ers fall­ing be­hind on their mort­gages has edged to a decade high but the Re­serve Bank says it is not overly fazed by the developmen­t.

RBA deputy gover­nor Guy Debelle said ar­rears re­mained at a sus­tain­ably low 1 per cent against a back­drop of weaker eco­nomic con­di­tions and ris­ing un­em­ploy­ment in some ar­eas.

He hoped tighter lend­ing stan­dards and low in­ter­est rates would keep a lid on the na­tional fig­ure.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.