Arrears a little higher
Prime mortgage arrears remained below their 2011-12 peaks in May 2018 at 1.38 per cent.
However arrears were a little higher than in May 2017 (1.2 per cent) or May 2016 (1.21 per cent), so this is more than just a seasonal affect.
90-day prime arrears have moved a bit higher over the past two years.
Arrears have suddenly surged in the Northern Territory to 2.84 per cent, with Western Australia seeing a small improvement in the month to 2.67 per cent.
Arrears remain benign in the two most populous states plus the nation's capital, according to S&P Global figures.