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The response by the banks and the government to the COVID-19 pandemic has seen mortgage stress fall to a near record low, but dangers remain when support is withdrawn, consumer research has found.

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Survey results by Roy Morgan show that an estimated 751,00 mortgage-holders or around 20 per cent were at risk of mortgage stress in three months to August 2020.

This is near the record low of last year when 723,000 mortgage-holders were considered at risk. 

Of those “at risk”, more than half (433,000 or 12.5 per cent of all mortgage-holders) were considered “extremely at risk” – also near the record low of 425,000 reported a year ago in the three months to October 2019.

Roy Morgan’s chief executive, Michele Levine, said the COVID-19 crisis has sent an unprecedented shock through the Australian economy, with the government and banks preventing or at least putting off the potential real estate crisis.

“These figures are somewhat deceptive as they rely on an unprecedented level of support provided to the economy. The federal government has subsidised workers with the $1,500 a fortnight JobKeeper wage subsidy, the almost doubled JobSeeker payment of over $1,100, and allowed businesses to trade while insolvent this year to keep people employed,” Ms Levine noted.

The Australian Prudential Regulation Authority (ARPA) pointed out that banks have deferred around $160 billion or 9.6 per cent of mortgages, providing temporary relief for mortgage-holders.

“APRA figures show that those holding loans with a loan-to-value ratio above 90 per cent were significantly more likely to take up a repayment deferral. These loans make up 5 per cent of all housing loans, but 9 per cent of deferred loans, and are for borrowers more likely to fall into an ‘at risk’ category if they were to become unemployed or fall upon hard times,” Ms Levine explained.

“Because of these measures, the impact of COVID-19 is yet to be fully felt, but we already know there will be significant pressures emerging when the support ends.”

The researcher also pointed to employment data by Roy Morgan, which showed that an estimated 11.2 million Australians have experienced some change in their employment due to the pandemic – with the majority experiencing negative changes, including reduced hours or loss of work.

“Over the many years of our research into mortgage stress, the data shows clearly the loss of a job is the biggest driver of increased mortgage stress as the reduction in income causes an immediate jump into a ‘risk’ category,” Ms Levine said.

“Over two in three mortgages rely on more than one income, and our analysis shows losing even the lower of these two incomes causes an immediate quadrupling of those mortgage-holders considered ‘at risk’ or ‘extremely at risk’.”

With JobKeeper being reduced in early October 2020 before being completely stopped by April 2021, coinciding with the banks’ deferral period ending, Ms Levine pointed to stressful times ahead.

“One of the biggest tasks for banks during the present period is to determine which customers will be able to return to paying their mortgage in the period ahead and which customers will not have that capacity when the deferrals end early next year,” Ms Levine concluded.

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The response by the banks and the government to the COVID-19 pandemic has seen mortgage stress fall to a near record low, but dangers remain when support is withdrawn, consumer research has found.

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Credit is continuing to flow to small and medium-sized businesses, with $41 billion in new loans approved since February.

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Stats released by the Australian Banking Association showed banks have granted more than 128,000 loans to small businesses at an average size of $320,000.

Approval rates for loans have remained high throughout the crisis, at around 70 per cent of loan applications received.  

In the six weeks to 7 October, the banks approved loans of more than $9 billion to small and medium businesses and sole traders.  

Total lending approved to all businesses, of any size, is more than $200 billion since February. 

“The  clear message from this new data is that Australia’s banks remain open for business for small-business customers,” said Australian Banking Association CEO Anna Bligh. 

“The banks’ commitment to small business has been supported by a number of government and regulatory measures, including the RBA’s Term Funding Facility, changes to business lending rules, the instant asset write-off and the SME loan guarantee.

“Australian banks are continuing to provide a lifeline to small and medium businesses across the country. The rate of lending has held up strongly despite the pandemic. 

“These small businesses will drive Australia through the crisis, and after it has passed, employ millions of Australians as the economy rebuilds.”

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Credit is continuing to flow to small and medium-sized businesses, with $41 billion in new loans approved since February.

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Savvy investors are looking to take advantage of record-low interest rates and are willing to switch loans even for minor reductions in rates, research has revealed.

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According to the Property Investment Professionals of Australia (PIPA), 36 per cent of investors would switch rates to save half a percentage point on their mortgage.

PIPA chairman Peter Koulizos said the survey result made it clear that investors  were on the hunt for better home loan deals, especially in the current record-low interest rate environment.  

“Investors have had to pay unfairly high interest rates ever since they were unnecessarily targeted by APRA a number of years ago,” Mr Koulizos said.  

“Investor and interest-only interest rates have reduced over recent times but are still significantly higher than owner-occupier home loans. 

“Many investors are also coming off fixed rates and are refinancing to obtain rates that are one, or sometimes two, percentage points lower than what they had been paying.”  

As the rate of savings increases, so does the likelihood of investors switching, with the research showing two in three investors would change to save 1 per cent on their mortgage repayments.

Mr Koulizos said lower interest rates significantly improve investor cash flow, which has been under pressure over the past six months.  

Further, the survey found that more than 16 per cent of tenants had asked for a rent reduction or holiday during the pandemic. 

“Reduced, or even no, rent coming in meant that more than 13 per cent of investors indicated in the survey that they had a cash flow deficit each month,” Mr Koulizos said.  

“About 8 per cent of investors also applied for a mortgage repayment pause during the lockdown, but the majority (75 per cent) did not have to continue the arrangement beyond its original term.” 

About 8 per cent of investors also withdrew funds from their superannuation during the pandemic, according to the survey, with the main reasons for doing so being reductions in personal or rental income.

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Savvy investors are looking to take advantage of record-low interest rates and are willing to switch loans even for minor reductions in rates, research has revealed.

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“Loyalty tax” stands as one of the hidden charges on mortgage-holders who could be blindly loyal to their bank and paying for it without even knowing it.

Write comment (0 Comments) " ["fulltext"]=> string(2518) "

According to CGIO Finance owner Cara Giovinazzo, this misguided loyalty could be costing borrowers tens of thousands of dollars by needlessly accepting higher interest rates on their home loans.

Long-term home loan customers could be hit with a loyalty tax by their lenders, who could then be offering much lower rates to new customers for the exact same home loan product, the Queensland-based finance broker explained.

“A lot of lenders are offering much lower rates for new customers than they are for their existing mortgage-holders, despite consumers having years of loyalty with their bank. An Australian Competition and Consumer Commission (ACCC) mortgage price inquiry in 2018 estimated that an existing borrower with an average-sized mortgage could initially save up to $850 a year in interest if they were to pay the same interest rate as a new borrower,” Ms Giovinazzo said.

“Despite record-low official interest rates at the moment, nothing has changed. Some mortgage-holders continue to be paying a much higher rate than what new customers are paying. After years of loyalty, this is how their lenders are treating them.

“We often see lenders offering new customers interest rates up to 1 per cent lower than they are offering some of their long-term borrowers, which could end up costing tens of thousands of dollars over the life of their home loan.”

For this reason, she strongly advised mortgage-holders to be vigilant about their home loans, particularly with the economic uncertainty due to the ongoing COVID-19 pandemic.

The finance broker encouraged borrowers to engage with trusted mortgage brokers in order to get a full view of the charges that will come with their home loan, as well as the other options available for them in the market.

“Don’t be complacent and just ‘set and forget’ as this can potentially cost you a lot of money. You need to be prepared to shop around to make sure you are getting the best terms possible,” she concluded.

“Good mortgage brokers will call their client’s banks on their behalf annually to ensure they are still on a competitive rate. They have more bargaining power with lenders typically, than if a consumer went directly to the lender themselves. Consult a reputable and experienced mortgage broker to find the lowest interest rate that suits you and to ensure you will be continually looked after.”

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2020-10-19 01:20:36" ["slug"]=> string(38) "15880:loyalty-tax-who-is-paying-for-it" ["parent_slug"]=> string(16) "271:borrow-money" ["catslug"]=> string(9) "277:loans" ["event"]=> object(stdClass)#5107 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(0) "" ["afterDisplayContent"]=> string(0) "" } ["text"]=> string(344) "

“Loyalty tax” stands as one of the hidden charges on mortgage-holders who could be blindly loyal to their bank and paying for it without even knowing it.

Write comment (0 Comments) " ["jcfields"]=> array(9) { [1]=> object(stdClass)#5104 (32) { ["id"]=> string(1) "1" ["title"]=> string(17) "Automatic tagging" ["name"]=> string(17) "automatic-tagging" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2018-08-29 05:26:30" ["created_user_id"]=> string(4) "2355" ["ordering"]=> string(2) "-1" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4802 (3) { ["data":protected]=> object(stdClass)#4816 (1) { ["options"]=> object(stdClass)#4814 (2) { ["options0"]=> object(stdClass)#4813 (2) { ["name"]=> string(3) "Yes" ["value"]=> string(1) "1" } ["options1"]=> object(stdClass)#4815 (2) { ["name"]=> string(2) "No" ["value"]=> string(1) "0" } } } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4812 (3) { 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The Reserve Bank has suggested that it will reduce the official cash rate on Melbourne Cup Day to support the economy once it opens up from lockdown.

Write comment (0 Comments) " ["fulltext"]=> string(4000) "

The RBA has held interest rates over the last seven meetings following an out-of-cycle cut to 0.25 per cent in March at the start of the COVID-19 pandemic.

It is now predicted to reduce rates by a further 0.15 per cent, leaving the official cash rate at 0.10 per cent.

The governor was dovish telling investors the central bank is committed to doing what it reasonably can to support Australia’s recovery from the current economic downturn.

“As the economy opens up, though, it is reasonable to expect that further monetary easing would get more traction than was the case earlier,” RBA governor Philip Lowe said.

Mr Lowe also suggested the country will move away from traditional inflation targets, and instead it would help create jobs, reduce the number of problem loans and improve the balance sheets of businesses.

“At its most recent meeting, the board continued to consider the case for additional monetary easing to support jobs and the overall economy.

“An easing of monetary policy helps people get jobs. It will help private sector balance sheets and lessen the number of problem loans. In doing so, it can reduce financial stability risks,” he said.

Will the big 4 pass on the rate cut?

If the RBA follows through with a rate reduction, there will be pressure on the four major Australian banks to pass on the savings to consumers, Rate City research director Sally Tindall said.

Since June 2019, the cash rate has dropped by 1.25 per cent, while the big four banks have passed on an average of 0.86 per cent to existing customers.

After the last cash rate cut, three of the big four did not pass it on to their variable customers, opting to cut fixed rates instead, as well as passing it on to new customers as a lower introductory rate. 

The exception was ANZ who passed on a cut of 0.15 per cent to its variable rate customers, while also cutting fixed rates.

“While governor Lowe has said an easing of monetary policy will lessen the number of problem loans, it will only work if the banks play their part,” Ms Tindall told investors.

She explained that in the current economic climate, which has seen a reduction in JobKeeper and JobSeeker subsidies for many Australians, every dollar counts, with a 0.15 per reduction saving the average home owner $33 a month. 

“There are thousands of existing mortgage-holders out there who aren’t in a financial position to switch banks. Any rate relief needs to be filtered down to them,” Ms Tindall said.

However, she also believes the RBA is playing a balancing game, with low rates helping borrowers but hurting savers.

“Any rate cut is likely to be passed on to the millions of Australians who have money in the bank. However, with savings rates already hovering just above zero, many savers have already given up on the prospect of earning interest from their income,” Ms Tindall concluded.

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The Reserve Bank has suggested that it will reduce the official cash rate on Melbourne Cup Day to support the economy once it opens up from lockdown.

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Nearly half of all Australians who took a mortgage holiday are beginning to repay their debts, new research has revealed.

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Numbers released by the Australian Banking Association (ABA) showed that from seven of Australia’s largest banks, as of last week, the number of deferred mortgages had dropped to 270,000, meaning repayments had resumed on at least 224,000 loans.

In total, 45 per cent of deferred mortgages are back to making regular loan repayments. 

“This is a good sign for the economy. It shows that more Australians are getting back on their feet and resuming their loan repayments,” said Australian Banking Association chief executive Anna Bligh.

Australian banks provided a loan repayment deferral to around one in 11 Australian mortgage-holders and to one in eight small-business owners to provide some breathing space during the worst of the COVID-19 pandemic.  

“These loan deferrals have helped hundreds of thousands of Australian families and small businesses survive the pandemic,” Ms Bligh said.

Repayments have resumed on at least 82,000 small and medium business loans. This means two in five (41 per cent) small and medium business loans that had been deferred are now being repaid again. 

Now, six months after the introduction of deferrals, repayments have resumed on almost half of the deferred loans. 

In just the past month, as customers came to the end of their six-month deferral, more than 130,000 mortgages and 50,000 SME loans had their repayments resumed. 

According to the data from Australia’s seven largest banks, the total number of deferred loans has dropped to 439,000. 

“Right now, it’s really important that people contact their bank to figure out the path ahead. The earlier you speak to your bank, the more options they have to help you find a way through,” Ms Bligh said.

“Banks will work with customers to figure out a tailor-made solution. That might include restructuring a loan, or in some cases, granting an additional four-month deferral.” 

“If you are in financial difficulty, please call your bank, they can help you find a way through. Don’t tough it out on your own.”

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Nearly half of all Australians who took a mortgage holiday are beginning to repay their debts, new research has revealed.

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string(19) "2020-07-08 05:42:04" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4821 (3) { ["data":protected]=> object(stdClass)#4824 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4823 (3) { ["data":protected]=> object(stdClass)#4826 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(18) "Second article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#5124 (32) { ["id"]=> string(1) "9" ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4825 (3) { ["data":protected]=> object(stdClass)#4828 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4827 (3) { ["data":protected]=> object(stdClass)#4830 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#5121 (32) { ["id"]=> string(1) "4" ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "1" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4829 (3) { ["data":protected]=> object(stdClass)#4832 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4831 (3) { ["data":protected]=> object(stdClass)#4834 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#5122 (32) { ["id"]=> string(1) "6" ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "2" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4833 (3) { ["data":protected]=> object(stdClass)#4836 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4835 (3) { ["data":protected]=> object(stdClass)#4838 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#5117 (32) { ["id"]=> string(1) "3" ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "3" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4837 (3) { ["data":protected]=> object(stdClass)#4843 (1) { ["options"]=> object(stdClass)#4841 (2) { ["options0"]=> object(stdClass)#4840 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#4842 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4839 (3) { ["data":protected]=> object(stdClass)#4845 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#5120 (32) { ["id"]=> string(1) "5" ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "4" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4844 (3) { ["data":protected]=> object(stdClass)#4847 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4846 (3) { ["data":protected]=> object(stdClass)#4849 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#5130 (32) { ["id"]=> string(1) "2" ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "5" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#4848 (3) { ["data":protected]=> object(stdClass)#4851 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#4850 (3) { ["data":protected]=> object(stdClass)#4853 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(59) "/borrow-money/loans/1-in-2-aussies-begin-mortgage-repayment" ["image"]=> string(46) "images/article-826x550/big-four-banks-2-ne.jpg" ["image_alt"]=> string(39) "1 in 2 Aussies begin mortgage repayment" } }