Government Guaranteed Mortgages Not Under Stress!

Since 2020, the government has guaranteed mortgages with only a 5% deposit. 

Given 150,000 Australians were unable to afford a 20% deposit, I was concerned many of them may have been hit especially hard by the RBA’s interest rate rises.  Based on the figures provided here, it looks like most of these households are coping well so far. 

The full data put on notice should clarify this further, but if what I’ve been told here is true, it’s good news for those homeowners.