S&P Global Ratings says up to 15pc of frozen home loans to tip into arrears – The Australian Financial Review

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,…

Click here to view the original article.