I recently wrote a short piece here at Property Update about the mixed fortunes of regional Queensland's housing markets.
Mortgage delinquencies relating to regional Queensland have long been higher than the average in Australia since widespread flooding in the state in 2011.
But now delinquencies across parts of the state with exposure to resources are rising sharply further still.
And remember that reported delinquency rates can lag falling prices, particularly when there are high vacancy rates and high rates of unemployment.
As resources construction continues to decline over the next year, some of these housing markets will be veritable disaster zones if they aren't already.
I've spoken to investors that were market participants in the mining town markets in 2012, and the news they deliver has been universally calamitous.
For obvious reasons I don't discuss specific securities on this blog.
But stocks with exposure to various housing markets of regional Queensland are likely to cop some serious fallout.