Arrears/Performance/Credit Quality.

• Banking Day staff

CreditorWatch’s latest Business Risk Index reports a 48 per cent increase in B2B trade payment defaults over the 12 months to February read more

• John Kavanagh

The proportion of non-performing mortgages on authorised deposit-taking institutions’ books rose over the past year but remains below levels reported in 2020 and 2021, and is in line with pre-COVID le.. read more

• John Kavanagh

Spending on credit and charge cards increased ahead of overall household spending over the past year but card users have their consumer debt under control, with balances accruing interest coming down. read more

• John Kavanagh

Around one-third of home loan borrowers are at risk of mortgage stress, according to new research. read more

• John Kavanagh

Personal insolvencies numbers rose in 2023 but are still nowhere near pre-COVID levels, new figures show. read more

• John Kavanagh

Investors continue to shrug off rising home loan arrears, subscribing for mortgage securities at narrower margins since the start of the year. read more

• John Kavanagh

Commonwealth Bank has estimated that its share of the big banks’ home loan net interest income rose 50 basis points in the financial year ending September 2023, as a result of its decision to prioriti.. read more

• John Kavanagh

Households most likely to experience financial stress are single parent families and single non-elderly individuals, while older couples are least likely to experience stress. read more

• John Kavanagh

ASIC has warned lenders it will focus on compliance with financial hardship obligations in the year ahead and is ready to take action through the courts. read more

• John Kavanagh

Spending on credit cards increased in 2023 as savings ran down and the cost of living rose, and stress levels increased. read more

• John Kavanagh

Even if the cash rate and loan interest rates do not move any higher in this monetary policy cycle, payments on household debt as a share of household income will continue to rise through 2024, says t.. read more

• John Kavanagh

Almost every industry suffered double-digit increases in the rate of business failure over the past year, with the biggest increases in external administrations in public administration and safety, he.. read more

Five per cent of home loan borrowers have insufficient income to cover their mortgage payments plus essential expenses, and around 2 per cent have both an income shortfall and low savings, the Reserve.. read more

• John Kavanagh

APRA will maintain its 3 per cent mortgage serviceability buffer, saying it remains prudent given the uncertain economic and geopolitical outlook. read more

• Ian Rogers

The outer northern suburbs of Melbourne are emerging as arrears hot spots. read more

• John Kavanagh

A significant number of Australian “risk leaders” expect higher levels of default and hardship to last for the next couple of years, and are tightening their credit criteria in response. read more

• John Kavanagh

The Australian government has secured industry funding commitments for the financial counselling sector totalling around A$30 million, under a new voluntary industry funding model, and will go ahead w.. read more

• George Lekakis

The deep pool of household savings created during the Covid-19 pandemic in 2020 is continuing to enhance the financial risk profile of Australians, according to leading consumer credit ratings provide.. read more

• John Kavanagh

A Bankruptcy Act amendment that passed both houses of parliament last week will deliver certainty for creditors on the calculation of discharge dates by validating an administrative process of the Aus.. read more

• John Kavanagh

Mortgage payments as a proportion of household disposable income reached an all-time high in the September quarter, and the Reserve Bank forecasts the proportion of income going to payments will keep.. read more