Business
S&P Global Ratings says up to 15pc of frozen home loans to tip into arrears – The Australian Financial Review
The shake-out of problematic loans will become more visible in the second half of this year, ratings agency S&P Global says.
But the latest S&P Global Ratings figures show the pool of problematic loans has widened beyond the traditionally hard-hit suburbs of WA and Queensland, still suffering the hangover from the last mining boom, into inner-city Sydney and Melbourne properties as well as outer-suburban owner-occupied homes.
Altona in Melbournes west was the countrys worst-performing suburb for mortgage arrears in the December quarter, with 6.14 per cent of loans more than 30 days behind.
The outer Melbourne suburb,…
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