Tuesday, December 4, 2007

On the ground, the real economic factors are still very bad,

Rate rises hit borrowers on city fringes

Decrease Increase Print Page: Print Anthony Klan | November 29, 2007 AS many as 5 per cent of households in some southwest Sydney suburbs are more than one month behind in their mortgage payments as rising interest rates hit the hip pockets of lower income earners. A study of one million Australian home loans by Fitch Ratings has found households most likely to be in arrears on their mortgages were located in the outer suburbs of the capital cities, with six of the worst seven suburbs in Sydney's west and southwest.

Posted by chris @ 12:01 AM (358 views)
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