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Thursday, 19 July 2018

Arrears a little higher

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.