Found this article today on an online news site.
https://au.finance.yahoo.com/news/qu...130614919.html
thought our mate Bogan might be interested.
"The Queensland suburb of Kingston leads the nation when it comes to homeowners falling behind on mortgage repayments.
Figures from ratings agency Fitch show Kingston, in the Logan area south of Brisbane, tops the list of the worst 20 postcodes in Australia for mortgage delinquencies, by both the value of missed payments and number of households struggling to make repayments.
As of September 2014, 26 out of 1,000 borrowers in its sample of Kingston mortgage holders were at least 30 days behind in their repayments."
Might be a good time to bail out of the market
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