Our Priority Is You....

(08) 6225 5151
Unit 3, 172 St Brigids Terrace
Scarborough WA 6019

Tough Times: WA Home Owners Top National Mortgage Default List

17 December 2015
Western Australia now leads the nation on mortgage defaults, with more than three per cent of the market in arrears or worse, according to Reserve Bank figures.

In an address to a conference in Sydney on Wednesday, RBA assistant governor Guy Debelle discussed credit risks and their relation to the states’ economic conditions, revealing WA has the highest percentage of homeowners falling behind in their mortgage payments.

Tasmania was second to WA, while NSW was the best performer, with slightly more than two per cent of borrowers in arrears on their home loans.

Mr Debelle said arrears rates across Australia were relatively low.
<< back to news articles
  • Facebook
  • Pinterest
  • Instagram
Copyright © Prestige Property 2014 | Powered by MultiArray
Are you after a Sales or Rental Appraisal?
Sales Appraisal Rental Appraisal