Moody's: Don't worry about Australian mortgage defaults

Moody's Investors Services has released its latest report on Thursday, which evaluates Australia's growth outlook as well as its effect on mortgage delinquencies.

Moody's: Don't worry about Australian mortgage defaults

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.


 

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