Queensland remains the worst-performing state in mortgage performance, according to a leading measure of mortgage arrears.
New figures from Fitch Ratings show that the rate of mortgage delinquency in the Sunshine State surpasses the nation-wide average and is up 1.42% on September 2011 figures.
Fitch Ratings reported that the current rate of mortgage delinquency – the proportion of mortgages that are more than 30 days in arrears – is at 1.86%.
The researcher also found that regions south of Brisbane, such as Ipswich, Logan and the Gold Coast are among the worst-performing in Australia.
Rates in Brisbane, on the other hand, are below the national average.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
east victoria park
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out