From S&P's latest mortgage stats.
Owner occupier arrears fell 3 basis points in July 2019 from 1.74 per cent to 1.71 per cent.
And investor arrears declined 1 basis point to 1.46 per cent.
The difference reflects tighter lending criteria for investors, suggested S&P (agreed).
As noted previously, the recent improvement has been seen in Western Australia, albeit mainly in the 30-60 day arrears category.
S&P itself reported that:
'We expect to see arrears to continue to decline as the recent rate cuts filter through.
The improvements are expected to be seen in the earlier arrears categories, which are more sensitive to interest rate movements'.
Significant, if they are right.
