❓ Hon Peter Collier asks about the number of Keystart loan holders in negative equity. The Minister responds that Keystart monitors property prices at a portfolio level but does not track negative equity for individual borrowers.
AnsweredQoN 621Legislative Council
QuestionView source ↗
KEYSTART — NEGATIVE EQUITY
621. Hon PETER COLLIER to
the minister representing the Minister for Housing:
I refer to question without notice
553 asked on Wednesday, 5 June 2019, and I quote —
It
does not publicly release the details of borrowers in negative equity—a
similar policy to that adopted by other lenders—in order to protect our
borrowers' privacy and as property values and loan balances change.
Accepting that it would not be
appropriate to release individual borrowers' information, I ask the
following.
(1) Does Keystart keep information
or estimates on the number of loan holders in negative equity?
(2) If yes, what is the number or
estimated number of Keystart clients in negative equity?
621. Hon PETER COLLIER to
the minister representing the Minister for Housing:
I refer to question without notice
553 asked on Wednesday, 5 June 2019, and I quote —
It
does not publicly release the details of borrowers in negative equity—a
similar policy to that adopted by other lenders—in order to protect our
borrowers' privacy and as property values and loan balances change.
Accepting that it would not be
appropriate to release individual borrowers' information, I ask the
following.
(1) Does Keystart keep information
or estimates on the number of loan holders in negative equity?
(2) If yes, what is the number or
estimated number of Keystart clients in negative equity?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
(1) Although
Keystart monitors changes in property prices in the market and their impact at
a portfolio level, it does not track specific property values or negative
equity for each borrower.
(2) Not applicable.
some notice of the question.
(1) Although
Keystart monitors changes in property prices in the market and their impact at
a portfolio level, it does not track specific property values or negative
equity for each borrower.
(2) Not applicable.
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