Mortgage delinquencies in NSW at a 10-year low

Font size :
New South Wales saw the biggest decline in its 30-plus delinquency rate in the 12 months to November 2015, the latest data from Moody's Investor Service showed. It decreased by 0.17 per cent to 0.85 per cent, which also happened to be its lowest level since 2005.

"Low interest rates and a weaker Australian dollar have led to a pick-up in housing, higher education, tourism, and agriculture," the report said, showing that NSW's mortgage performance has benefitted from prevailing labour and economic market conditions.

Aside from NSW, Queensland is the only other state to experience a fall in its 30-plus delinquency rate by 0.04 per cent to finish at 1.37 per cent.

Tasmania, on the other hand, recorded the biggest increase in its 30-plus delinquency rate with an increase of 0.56 per cent to 1.68 per cent. Western Australia has the highest 30-plus delinquency rate in Australia as it rose by 0.48 per cent to 1.71 per cent.

South Australia's delinquency rate rose by 0.09 per cent to 1.63 per cent, followed by the ACT, up 0.06 per cent to 0.82 per cent.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Saturday, Sep 23, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords