These conditions have seen the mortgage arrears rate rise from 0.7 per cent to 1.8 per cent. This is a significant rise and associated with financial stress for a number of households. But it is still not that high given the economic circumstances.
https://www.rba.gov.au/speeches/2019/sp-dg-2019-11-15.html  1/6  18/11/2019  Mortgage Arrears | Speeches | RBA  Graph 1  Borrowers can fall behind on their mortgages for a number of reasons. The vast majority of people who fall behind on their mortgages do so because of an unexpected loss of all or part of their income.