21 August 2023

GCI Investment Update July 2023

Prior to the RBA raising interest rates in May 2022, Gryphon concluded that the average borrower in the GCI portfolio was well positioned to manage higher interest rates. For the cohort of borrowers most exposed to large increases to their
mortgage payments, a combination of serviceability buffers, elevated savings rates, over-payment history and strong employment provides effective mitigants against financial stress. Additionally, the substantial build up in borrowers’ equity will also enable any borrower experiencing financial pressure to voluntarily self-manage their way out of arrears through property sales.

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