Wednesday, April 20, 2016

1 in 100 Australian mortgages are in arrears....??

Is it just me or is it scary that 1 in 100 Australian home mortgages are in arrears "normally" and they are calling this low.

I cant imagine ever being in arrears on a debt like that and would have sold/rented/sold the family silver before it got to that stage.

Just seems like a really high number to me.....?

Though interesting to see the annualised loss rate remained low in 4Q15 at 0.02%


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