Firstmac analysis shows the number of borrowers on hardship is falling (MPA Magazine)

The latest data from Firstmac’s $12.6b loan book shows that the number of Australians on COVID-19 hardship arrangements is steadily falling despite the second wave of lockdown in Victoria. MPA spoke with chief financial officer James Austin about how Victoria compares with other states and why the ACT is doing the best nationwide.

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RBA puts official interest rate on hold

For the second consecutive month, the Reserve Bank of Australia has announced that the official cash rate would be left unchanged at a historical low of 1.75 per cent. The mortgage industry has welcomed the announcement, with many experts claiming that it is the ‘right move’ as it would provide scope for further cuts in the short term.- Your Mortgage- view article here