Top suburbs for mortgage arrears

Mortgage arrears may be at an unusually low rate, but some postcodes are bucking the trend.

Top suburbs for mortgage arrears

If you live in Tasmania and are having problems meeting your mortgage payments, you’re certainly not alone, with the state the worst performing on the scale of mortgage arrears.

While mortgage arrears are at an unusually low rate of two per cent, due largely to low interest rates, some post codes are bucking the trend with high levels of arrears.

Budgewoi on the NSW Central Coast has the highest level of arrears by post code, at 3.2 per cent over 30 days in arrears, Kingston in Queensland is second on the list at with three per cent and the highest Victorian post code is Corio, in fourth position with 2.7 per cent.

Loans 30+ days in arrears as at 31 March 2015

1

2262

NSW

Budgewoi

3.2%

2

4114

Qld

Kingston

3.0%

3

4502

Qld

Petrie

2.8%

4

3214

Vic

Corio

2.7%

5

2190

NSW

Greenacre

2.6%

6

3337

Vic

Melton

2.4%

7

3976

Vic

Hampton Park

2.4%

8

4341

Qld

Laidley

2.4%

9

5108

SA

Salisbury

2.4%

10

6066

WA

Ballajura

2.3%

By comparison, the best performing suburbs are Lower Northern Sydney, Inner Melbourne, Inner Brisbane and Central Metropolitan Perth.

Read more at Fitchratings.com

Do you feel mortgage stress? Do you think mortgage stress is caused by people overstretching themselves?





    COMMENTS

    To make a comment, please register or login
    particolor
    1st Sep 2015
    10:40am
    If I Win OZ LOTTO Tonight I will Help a couple of people in Budgewoi out !! :-) :-)
    Ageing but not getting old
    1st Sep 2015
    1:02pm
    First you have to buy a ticket, mate..........
    particolor
    1st Sep 2015
    6:20pm
    I don't like their Chances ! I've only got 2 Squares !! :-) :-)


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