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Mortgage arrears fall at Westpac after rate cuts
Mortgage holders are enjoying a reprieve from relentless cost of living pressures, as the number of home owners falling behind on their repayments falls.
Notwithstanding the relief from interest rates, challenges remain, with inflation and unemployment increasing in recent months.
Globally, uncertainty remains but this is an opportunity for Australia and we are in a good position to work through any impacts from events such as the ongoing geopolitical and trade tensions.
I never started this process seeking to fail. I want to succeed, and that means we’ve all got to work together. And the way we have been constructively working together – obviously, there’s some noise here and noise there – but the way we have been working constructively together, I’m very confident that we’ll be able to reach a position which means we can all continue to work together in the best interests of the nation.