The key takeaways
Stable mortgage performance will be supported by Australia’s stabilizing economy recovery.
As economic conditions stabilize, Australia’s mortgage defaults will remain stable in 2022.
Forecasts for Australia’s GDP growth of 3.5% by 2022 will support steady mortgage performance.
Reaction of the market
The AUD/USD has lost ground below 0.7300 due to a wide rebound in the US Dollar. This is despite Wednesday’s optimism.
The spot traded at 0.7293 the last time it was seen, a decrease of 0.40% from the previous day.
