Consumer confidence locked down

ANZ weekly consumer confidence locked down:

Right along wth Sydney spending:

And, oh no!

Freezing home loan repayments will be the last resort for borrowers experiencing stress from current lockdowns, with ANZ saying NSW accounts for three-quarters of the requests it is getting for help with mortgages.

ANZ group executive for Australian retail and commercial banking Mark Hand said the bank had a range of alternatives for customers in hardship including a temporary cut in repayments, switching to interest only and drawing down from offset accounts.

Houses and Holes
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