Size Matters When It Comes To Defaulting On A Home Loan

Posted on December 12, 2014 by | 1 Comment
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An article by Clancy Yeates

Bad housing loans will increase one day, and bankers say that many of the loans that will go bad are probably being written now, when interest rates are so low.

Australian borrowers are a fortunate bunch. Unlike households overseas, they’ve managed to avoid the wave of painful mortgage defaults that have brought other economies to their knees.

Indeed, local banks say the share of people falling behind on their mortgage payments is at historic lows.

Yet history suggests things will not stay like this forever. Bad housing loans will increase one day, and bankers say that many of the loans that will go bad are probably being written now, when interest rates are so low.

So, which borrowers are most likely to fall behind on their mortgage payments?

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