Outback Western Australia and Queensland as highest delinquency locations: Moody's

Outback Western Australia and Queensland as highest delinquency locations: Moody's
Outback Western Australia and Queensland as highest delinquency locations: Moody's

Regions with exposure to the resource and mining sectors dominated the list of areas with the highest delinquencies in November 2017, according to Moody's.

Nine of the 10 regions with the highest 30-plus delinquency rates were in either Western Australia or Queensland, and many of these regions are exposed to employment industries directly or indirectly related to mining and resources.

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Outback Western Australia and Queensland as highest delinquency locations: Moody's

Six of the 10 worst regions — Western Australia Outback, Queensland Outback, Mackay, Western Australia Wheat Belt, Mandurah and Fitzroy — have consistently been among the worst performing regions in the country over the last three to four years.

Among these worst performing regions, Fitzroy recorded the biggest increase in delinquencies over the year to November 2017.

The weighted average current loan to value ratios for the worst performing regions were typically higher than the national average of 63.2%.

 

Tags: 
West Australia Mortgage Delinquencies

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