Beach Bums in arrears Borrowers living in coastal regions are more likely to default on their home loans, according to Fitch Ratings.
The company’s report showed the Sunshine Coast and Gold Coast are
among the areas with the highest number of home loans more than 90 days in arrears.
Fitch said coastal regions that rely on tourism are less affected
by monetary policy and more by the high Australian
dollar. Thankfully, the number of people failing to meet their repayments
dropped by 1.2% nationally. (taken from Fitch Ratings)
The company’s report showed the Sunshine Coast and Gold Coast are
among the areas with the highest number of home loans more than 90 days in arrears.
Fitch said coastal regions that rely on tourism are less affected
by monetary policy and more by the high Australian
dollar. Thankfully, the number of people failing to meet their repayments
dropped by 1.2% nationally. (taken from Fitch Ratings)
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