PHOTO: Moody’s report also says that Western Australia and Queensland dominate the list of worst performing regions.
Moody’s Investors Service says that mortgage delinquency rates in Australia will increase moderately through 2019.
It has been broadly stable over the past 12 months. Within the 20 postcodes with the lowest mortgage delinquencies in Australia, eight were in Sydney and seven in Melbourne.
“Softening housing market conditions — particularly in the key states of New South Wales and Victoria — combined with high household leverage, higher interest rates and the conversion of interest-only mortgages to principal and interest repayments, will push up delinquency rates,” says Jacqui Dredge, a Moody’s Analyst.
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