
TMM - News
Borrowers pay down home loans in lockdown

Thursday 6th of August 2020
According to the bank's data, 66% of customers were ahead on repayments at the end of June, up from 65% at the end of February, prior to lockdown.
The bank says the median customer was 9.2 months ahead on repayments, or $9,521 ahead of the curve, compared to 8.6 months, or $8,693, in February.
Westpac says this has pushed the customer "mortgage buffer"...
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