Arrears up 11bps over the year

Arrears a bit elevated

Mortgage arrears declined by a further 2 basis points to 1.49 per cent in July 2019.

Arrears remained 11 basis points higher than they were a year earlier.

The year-on-year increase was quite broadly reflected around the states.

Arrears rates remain well below 1½ per cent in New South Wales and Victoria, as well as in the ACT.