Moody's: Not to worry about Australian mortgage delinquencies

Moody’s Investors Services is assessing Australia’s growth outlook and its impact on mortgage delinquencies, in its latest report published on Thursday.

Key takeaways

Australia's stabilizing economic recovery will support steady mortgage performance.

Australia's mortgage delinquencies will hold steady in 2022 as economic conditions stabilize.

Forecast Australian GDP will grow 3.5% in 2022, which will underpin steady mortgage performance.

Market reaction

AUD/USD is giving up the ground below 0.7300 amid a broad rebound in the US dollar, as the market still remains on the edge, despite Wednesday’s optimism.

The spot was last seen trading at 0.7293, down 0.40% on the day.