Stable Australian Mortgage Performance Despite Seasonal Arrears Increase
Banking & Financial Services / Australia / Mon 04 Jun, 2018
Australia's 30+ day mortgage arrears increased by 12bp to 1.13% in 1Q18 from the previous quarter, which is consistent with the seasonal increase in spending during the end-of-year holiday period, says Fitch Ratings in a new report.
Despite the rise, 30+ days arrears remained 9bp lower than in 1Q17, reflecting Australia's improved economic