'; ?> Home loan arrears | What The People Want
Home loan arrears

My colleague John Black has done some interesting analysis of home loan arrears which could go some way to explaining why Labor is in trouble in Queensland more than most other states - because it picks Queensland as a home arrears hotspot.

We had a piece in the Australian Financial Review over the weekend, in which we profiled the recent Fitch Ratings home loan arrears data by postcode.

The link to the AFR site is http://afr.com/p/national/who_who_on_the_mortgage_arrears_nO9i1TOt6BSZ3m1Udl13wO

The AFR website has a pay wall, but there’s a free trial available. The on line version includes an interactive Google style map, with the predicted changes in arrears for all postcodes in Australia over the past year. You can type in your postcode and check it out. If you want the same material down to CCD level, get in touch. The on line report also includes a full PDF report of the data profile, including arrears increases by Federal seats.

The gist of the profile was that a few groups have got into difficulties, but the mainstream home buyers are still doing well, especially by international comparisons.

Groups in some trouble include

  1. recent home buyers, who bought with stimulus incentives before interest rates rose
  2. negative gearers, especially those transitioning to retirement who are getting jammed by unemployment with tenants, higher interest rates, diminishing house and land values, and cash flow problems
  3. parents of more expensive private school students, where the spouse is having difficulty finding a part time job.
  4. Howard Battlers made good, who socked too much money into super in 2007 after the super changes, instead of paying off their mortgage.

To a certain extent, groups 2, 3 and 4 overlap a bit.

When we mapped these groups we saw the impact was very heavy in fast growing new arrears, with high population turnover and in some wealthier suburbs, where they either had non-residential investments in real estate, or high proportions of children at the more expensive private schools.

When you go a step further and aggregate these suburbs into regions and states, you see a lot of problems in Queensland, where these groups are concentrated. Queensland is now the home loan arrears hot spot for Australia.

According to recent trends by state, the problem will get worse before it gets better. The Fitch Ratings report is based on securitised loans but it is supported by recent comments from the banks.

So the mature age and the younger are the ones most affected, and you're not going to notice it that much because these are groups that externally are going to look pretty affluent, but now they're probably propping that affluence up by buying it at a discount, or only when it's on sale, which helps to explain retail figures.

Share this article on your favourite social bookmarking sites:
Digg! Reddit! Del.icio.us! Google! Facebook! StumbleUpon! Twitter!
 

Comments   

 
0 #11 LOAN OFFERDonald Moore 2018-01-28 14:15
Finding a legitimate loan lender () have always been a huge problem to clients who have financial problem and in need of solution to it. The issue of credit and collateral are something that clients are always worried about when seeking a loan from a legitimate lender. But we have made that difference in the lending industry by offering loans to individual and public sector that are in need of financial Assistance in a low interest rate of 2%. Bad credit acceptable, The Terms and Conditions are very simple and considerate. You will never regret anything in this loan transaction because we will make you smile.

Email:
phone contact: +1-619-720-0478
website: www.mrdonaldmooreloanfirm.brav esites.com
 
 
0 #12 CLICK HERE FOR INSTANT APPROVE LOAN SERVICE OFFERosman ibrahim 2018-01-30 20:26
Do you need a financial help? Are you in any financial crisis or do you need funds to start up your own business? Do you need funds to settle your debt or pay off your bills or start a good business? Do you have a low credit score and you are finding it hard to obtain capital services from local banks and other financial institutes? Here is your chance to obtain a financial services from our company. We offer the following finance to individuals-
*Commercial finance
*Personal finance
*Business finance
*Construction finance
*Business finance And many More:
and many more at 2% interest rate;
Contact Us Via Email: oOr Whatsapp me on +919818473167
 
 
0 #13 RE: Home loan arrearsdaniel haret 2018-02-02 13:45
Hello
For all your loan or financing need in no matter which domain please contact Mr MAURO who helped me have a loan of 30.000$ so if you are in need please contact A are email address for more information de
 
 
0 #14 URGENT LOAN ARE YOU IN NEED CONTACT NOWmax william 2018-02-05 21:03
Do you need Finance?
Are you looking for Finance?
Are you looking for a money to enlarge your business?
We help individuals and companies to obtain loan for business
expanding and to setup a new business ranging any amount. Get a loan at affordable interest rate of 3%, Do you need this cash/loan for business and to clear your bills? Then send us an email now for more information contact us now via Email:
 
 
0 #15 GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY/LEASE AT THE BEST RATES AVAILABLEAZRA ISHAQUE 2018-02-07 13:43
We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable
of taking up time bound transactions.

FOR LEASING OF BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
LEASING FEE = 4%+2%

FOR PURCHASE OF FRESH CUT BG/SBLC
PRICE = 32%+2%
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly
renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us with the below information.

Contact name: Azra Ishaque

Email : lintel.financia

Skype : lintel.financia lservicesplc
 
 
0 #16 Private Lender Avit Investment Authority.Mrs Rose Williams 2018-03-22 12:37
Private Lender Avit Investment Authority.

Greetings to you by ADIA.

We are a France-Paris based investment company known as Avit
Development Investment Authority working on expanding its portfolio
globally and financing projects.

We would be happy to fund and invest with you in any profitable
project if you have any viable project we can finance by making mutual
investment with you. If you are interested, kindly contact us
on: for more details.

Looking forward hearing from you soonest.

Yours truly,
Mrs Rose Williams
(Personal Assistant)
Avit Development Investment Authority(ADIA)
501 Avenue Montaigne,75008 Paris-France
Paris-France.Avit Development Investment Authority (ADIA)
 
 
0 #17 Urgent Loan offerAlex carlos 2018-03-23 08:28
DO YOU NEED AN URGENT LOAN, CONTINUOUS LOAN, LOAN FOR NEW BUSINESS INVESTMENT, E-MAIL: . We are a legitimate, registered and secured credit company that offers loans to individuals, businesses, government agencies, churches and business organizations, as well as people of all kinds. Are you a loan for any purpose? Do you have financial problems? Do you need a financial solution? Our loans are easy and fast. Contact us today to get the loan you need. We can arrange loans that match your budget, only with an interest rate of 3%. If you are interested, please contact us by email: or
 
 
0 #18 RE: Home loan arrearstina 2018-04-03 15:09
Urgent Affordable loan. search no more. contacting the right company for legitimate loan lender have always been a huge problem to clients who have financial problem and in need of solution to it at an affordable interest rate? processed within 4 Of 6 working days. have you been turned down constantly by other banks and other financial institutions? contact Fidelity Trust Loan, We offer loans ranging from (5,000.00 To 900,000,000.00 ). At 2.% interest rate. We are certified, trustworthy, reliable, efficient, fast and dynamic. And a Co-operate Financier For Real Estate And Any Kinds Of Business/person al Financing, Contact us today at: or call or whatsapp +27642503488
 
 
0 #19 Private Lender Avit Investment Authority.Mrs Rose Williams 2018-04-03 15:31
Private Lender Avit Investment Authority.
Greetings to you by ADIA.
We are a France-Paris based investment company known as Avit
Development Investment Authority working on expanding its portfolio
globally and financing projects.

We would be happy to fund and invest with you in any profitable
project if you have any viable project we can finance by making mutual
investment with you. If you are interested, kindly contact us
on: for more details.
Looking forward hearing from you soonest.
Yours truly,
Mrs Rose Williams
(Personal Assistant)
Avit Development Investment Authority(ADIA)
501 Avenue Montaigne,75008 Paris-France
Paris-France.Avit Development Investment Authority (ADIA)