ANZ’s late payment levels are the second-largest reported by Australia’s four biggest lenders after National Australia Bank , highlighting a small but steady increase in impaired assets and bad debt.
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There has been a sharp increase in court cases involving parents and children fighting over the terms of a home loan, particularly blended families, consisting of a couple, the children they have had.
The central bank remains reluctant to cut benchmark interest rates, barring any sharp deterioration in the economy, analysts say. The PBOC stepped up efforts to increase loan growth and business.
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The downturn in the housing sector is likely to be "short and sharp", says the boss of building products. Regulation Authority requiring new borrowers to be able to service a home loan with a rate.