Fewer Australians having trouble with repayments

The number of Australian households getting in trouble paying back their mortgage fell in August 2014.

The Standard & Poor's Performance Index reported that the rate of prime housing loans in arrears fell by 0.04 percentage points to 1.09 per cent of all prime mortgages funded by residential backed mortgage securities.

Low doc and subprime borrowers are doing it slightly tougher. Sub-prime arrears increased 0.13 percentage points to 4.59 per cent in August 2014. 

Source: Banking Day

Advertisement