Australia Non-con Arrears Remain At Record High

28 Aug 2007

Delinquencies in the Australian non-conforming housing sector, are remaining at record-high levels with rising interest rates, riskier trends in mortgage origination and high levels of household indebtedness.

- Daniel Flatt

Delinquencies in the Australian non-conforming housing sector, are remaining at record-high levels with rising interest rates, riskier trends in mortgage origination and high levels of household indebtedness, said Moody’s Investors Service.

"The impact of the August 2007 interest rate rise has not yet become reflected in ...

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