Some of the excess saving was used to pre-pay mortgages
MORTGAGE PAYMENTS IN EXCESS OF SCHEDULED MINIMUM
4.5
4.5
'EXCESS' EXCESS PAYMENTS 9½% OF INCOME
4.0
4.0
3.5
3.5
3.0
3.0
PRE- COVID AVERAGE
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
2009 2011 2013 2015 2017 2019 2021 2023 2025
1
Sources: RBA, ABS, APRA
36
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