Non-performing housing loans rose again quite sharply in the last month after seemingly stabilising for several months. In addition, there was another reasonably substantial rise in overall non-performing loans across the whole banking system. Latest Reserve Bank loans by asset quality figures for October show that non-performing housing loans rose by $71 million (5.3%) to $1.414 billion. But nevertheless, year-on-year the non-performing housing loans are up by $606 million - or 75.1%. By some means of comparison, in the post GFC period, the non-performing housing loans ratio hit 1.2%, while the total system non-performing loan ratio hit 2.2%.

Source: Stuff December 02, 2023 04:35 UTC