23 JUNE 2020: RFi Group's co-founder and COO Alan Shields appeared on Australia's AusBiz TV network, discussing RFi Group's recently released 'Australia's Mortgage Deferral Hangover' Report.
In March, April and May of 2020 - as the COVID-19 global health pandemic unfolded - RFi Group 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.
The results were significant, including;
/ One in four borrowers will be facing mortgage stress in the next 12 months, 7% higher than during 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 longest