Australian Mortgage Stress Increases

December 20th, 2010
in Background

ABC News:  New figures show the number of people getting behind in mortgage payments has increased considerably across Australia, in the 12 months to September, 2010.

Follow up:

Research from Fitch Ratings agency reveals 1 per cent of borrowers were a month or more behind in scheduled payments.  The number of Western Australians' behind in the mortgage repayments was double the national average.  That may come as a surprise given that Western Australia is perceived as an economically strong state.

One of the report's authors David Carroll says the main driver is generally unemployment.  Read more.....

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