The "Australia's Mortgage Deferral Hangover, 2020 Report" has been added to ResearchAndMarkets.com's offering.
The Australia's Mortgage Deferral Hangover Report combines expert insight with the publisher's unique data on the impact of the COVID-19 pandemic to determine how many borrowers will be affected in Australia and for how long.
This report draws from a comprehensive consumer research conducted by the publisher in March, April, and May of 2020. As the COVID-19 global health pandemic unfolded, the publisher surveyed more than 12,000 Australian consumers in order to forecast the immediate impact on mortgage borrowers, and their lenders, over the next 12-24 months.
Some key findings from the report include:
One in four borrowers will be facing mortgage stress in the next 12 months, 7% higher than at the height of the Global Financial Crisis
More than 10 million Australians have been, or expect to be, impacted financially by the COVID-19 pandemic
Almost 300,000 more borrowers are likely to seek repayment deferrals in the next 12 months
Families and the over 55's will feel the impacts for the longest
Key Topics Covered:
Section 1: Market Context
Assessment of the impacts of COVID-19 on Australians
How will COVID-19 affect mortgage holders over the next 12 months?
Section 2: Mortgage Stress and Deferment
How has mortgage stress, over-payment intention changed over time?
Which banks mortgage customers are most likely to be stressed?
Is there going to demand for deferrals in the near future
By when do customers expect for their finances to go back to pre-outbreak levels?
Section 3: Competitor Impact
Can we see evidence of a flight to safety towards the Big 4?
Section 4: Review of Customer Satisfaction with Measures Taken by Banks to Help Manage the Impacts of COVID-19
Banks' ongoing response to the pandemic
How satisfied are customers with their banks' response so far?
Quantifying the long term benefit of exceeding customer expectation
For more information about this report visit https://www.researchandmarkets.com/r/grxjwo
View source version on businesswire.com: https://www.businesswire.com/news/home/20201123006140/en/
Laura Wood, Senior Press Manager
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