A new report from Fitch Ratings reveals fewer Australians are falling behind on their mortgage repayments

Low interest rates, a strong economy and rising house values have helped Australians keep on top of their mortgages, a new study from Fitch Ratings shows. Over the past year, mortgage delinquencies have dropped across Australia, but lower-socio economic areas on the fringe suburbs of Melbourne, Sydney and Brisbane are still struggling financially.

Based on September 2014 data, just 0.9 per cent of home loans are more than 30 days in arrears, the lowest number since 2007 when the ratings agency began reporting mortgage delinquencies by postcode. The figure has more than halved from 2 per cent in early 2008 and fell sharply from 1.26 per cent in March last year.

The best-performing areas were north-west inner Brisbane, lower northern Sydney and inner western Sydney. The best-performing region in Melbourne was Boroondara City.

The Queensland suburb of Kingston, in the Logan area south of Brisbane, was at the top of the list of 20 postcodes in Australia where homeowners are falling behind on mortgage repayments. Queensland is the worst performing state, with eight of the top 20 postcodes coming from that state. Other areas on the list include Laidley and Mount Isa in Queensland, Cessnock, Green Valley and Budgewoi in New South Wales, Goodwood/Montrose in Tasmania, Aldinga in South Australia and Hillside and Corio in Victoria.

With yesterday’s Consumer Price Index data showing inflation rose just 1.7 per cent over the past year, low mortgage rates should continue in 2015.

Removing the Hassle from Sales & Rentals.  A family business working on referrals in this our 20th Year 2015!

Removing the Hassle from Sales & Rentals. A family business working on referrals in this our 20th Year 2015!

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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. LJ Gilland Real Estate Pty Ltd LREA推荐书LJ Gilland房地产 http://ljgrealestate.com.au/testimonials/ http://ljgrealestate.com.au/competitive-commission/ http://ljgrealestate.com.au/property-management/ http://www.facebook.com/ljgrealestate L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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