The latest Fitch report has +30 day defaults dropping 20% to 1.42%.
"The improvement in borrowers' ability to pay back loans was largely due to the Reserve Bank keeping interest rates stable, Fitch said. The two recent cuts in rates would help them further.
At least 1.42 per cent of borrowers across Australia failed to make their mortgage payment within 30 days in September compared with March highs of 1.77 per cent."
Read more: http://www.theage.com.au/money/borr...isis-report-20111221-1p4ky.html#ixzz1h9DXhna0
"The improvement in borrowers' ability to pay back loans was largely due to the Reserve Bank keeping interest rates stable, Fitch said. The two recent cuts in rates would help them further.
At least 1.42 per cent of borrowers across Australia failed to make their mortgage payment within 30 days in September compared with March highs of 1.77 per cent."
Read more: http://www.theage.com.au/money/borr...isis-report-20111221-1p4ky.html#ixzz1h9DXhna0
