Australian Mortgage Delinquency by Postcode – 30 September 2009
The number of mortgage arrears declined across Australia over 2009, thanks to record low interest rate and a resilient economy according to a new Fitch Ratings survey in 2009, reported at www.yourmortgage.com.au
The Fitch Ratings report analysed data from approximately 730,000 loans outstanding at 30 September 2009.
The Australian 30+ day mortgage delinquency rate decreased to 1.61 per cent over the 12 months to September 2009
The 90+ day mortgage delinquency rate decreased to 0.80 per cent.
Australian Mortgage Delinquency by Postcode ?? 30 September 2008
Nov 26, 2008
Mortgage defaults are getting worse and more widespread, a report by ratings agency Fitch Ratings says.
A survey of 840,000 mortgages conducted by FitchRatings has found that serviceability of all home loans taken out after 2002 is now better than when the borrowers first took out their loans.
Fitch Ratings has rejected fears of significant housing stress in Australia saying that Australian residential mortgages have, on average, performed well. ?
The Australian 30+ day mortgage delinquency rate rose from 1.88 per cent to 2.13 per cent over the six months to September 2008.
The 90+ day mortgage delinquency rate rose from 0.68 per cent to 0.97 per cent.
- “Australian Mortgage Delinquency by Postcode” reports from Fitch Ratings