QUEENSLAND has retained an award other states wouldn’t want to lay claim to, it has the highest number of homeowners behind on their mortgage repayments.
While Queensland mortgage holders were behind more than other state, the September 2014 figures were an improvement on six months earlier.
“All states have improved the report said but Queensland also showed the smallest improvement among all states.’’
Now only 0.82 per cent of mortgages in Queensland are behind.
The latest Fitch Ratings report reveals levels of mortgage delinquency throughout Australia are dropping and was now just 0.73 per cent.
Victoria had more suburbs in the latest top 20 worst performing postcodes for being 30 or more days behind on mortgage payments.
Queensland had five, South Australia had four, New South Wales, 3, Western Australia and Tasmania 1.
The ACT and Northern Territory were the best performers in Australia with only 0.46 per cent and 0.48 per cent of mortgages behind.
The report said Western Australia has also had a “remarkable improvement’’ in mortgage performance since the end of March 2011.
Owners in lower northern Sydney were the most likely to have their mortgages up to date and paid on time, followed by owners in northwest inner Brisbane.
WORST PERFORMING REGIONS
Hume City, VIC
WA (exluding Perth)
Caboolutre Shire, QLD
Ipswich City, QLD
Logan City (and Beaudesert), QLD
Murray and Murrumbidgee
BEST PERFORMING REGIONS
Lower Northern Sydney
Northwest Inner Brisbane
Boroondara Ciy, VIC
Northern Beaches, NSW
Central Northern Sydney,
Southeast Inner Brisbane
Inner Western Sydney
Ameeta Parsuram ‘Meeta’ Psychologist, Poet & Lyricist