Repayments deferred on 1-in-14 home loans, industry figures show

Repayments on one-in-14 mortgages have been deferred for six months to assist households during the COVID-19 pandemic.

That brings the total number of deferred mortgages on the books of banks to 703,000, worth $211 billion. Banks have also hired 1,500 new staff while redeploying over 2,200 employees to frontline areas such as call centres to help meet the historic surge in demand for support over the last few months.

the world have not had a worldwar nor a global smoke and mirror health scare for almost a century its not capitalism without a capital involve to push out the certainty of a banker enslave civilization for at least another century its heaps better than copping a worldwar

I think you'll find, it's the 'economic impact' of a tyrannical, authoritarian government who decided to lock the workers of Australia under house-arrest, and print the AU$ into literal oblivion, not some boogeyman 'virus' with a 98% recovery rate. Scamdemic Plandemic

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Coronavirus has hit Australia's job market harder than unemployment figures suggest - ABC NewsThe surprisingly small rise in the unemployment rate has obscured the reality of what's actually happening on the ground — this is why. Create a new statistical analysis for the real unemployment rate then. Is a free for all anyway Corona hasn't hit it, SHUTTING THE ECONOMY is what's done it. Now, will we ever know if that was necessary? My money is on it wasn't. You're starting to get it. Now, consider the implications for the Jobseeker support system & the 3rd party contractors that administer it, when unemployment figures are equally improved if a jobseeker finds a job (difficult) or is trapped into non-compliance.
Source: abcnews - 🏆 5. / 83 Read more »