| Rate cuts have helped ease the number of mortgage delinquencies across Australia but many postcodes have retained their dubious title of repayment blackspots.
A major study by Fitch Ratings, the credit ratings agency, revealed that by the end of September 2012 overall mortgage delinquencies across Australia decreased to 1.2 per cent, down from 1.6 per cent at end of March 2012. The current rate of delinquencies is below the five-year average of 1.56 per cent...............................................Full Article: Source
|