Australia Boom Towns Have Highest Mortgage Delinquencies

Australian Mortgage Delinquencies On The Rise In Boom Towns

In the last few months, however, home prices have flatlined, leaving affordability stretched after a string of interest rate hikes by the country's central bank. As such, 30-day delinquencies on mortgages are up in the past year, especially in the more speculative booming areas.

Fitch said 30-day deficiencies in south west Australia rose to 2.82% in the third quarter, outpacing every other region in the country.

A rise from 1.9% a year ago. So not exactly panic time, but as a trend, something to note.