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Daily Telegraph

56 Aus regions where mortgage arrears are worse than average

Alarming new figures behind Australia's mortgage crisis show 56 regions are experiencing distress levels exceeding the national average, covering hundreds of suburbs. The latest S & P Market Overview for the first quarter of 2025 found the national average for home loan repayment arrears of more than a month was 0.97 per cent as of March – a figure exceeded by 56 SA4 regions. MORE: Secret tactics of dodgy agents exposed Shock twist as former Virgin CEO to tear down $17m mansion Scroll down for full list of SA4 regions with arrears exceeding national average MORE: Shock: Brisbane prices to smash Sydney Australia's biggest political property moguls revealed This as four states/territories also topped the national arrears level led by Victoria's 1.17pc, Northern Territory 1.01pc, and New South Wales 1.07pc with Australian Capital Territory on 1.29pc off a smaller, more volatile base; while four others were below national average – Tasmania (0.58pc), South Australia (0.74pc), Queensland (0.71pc), and Western Australia (0.86pc). There was a silver lining thanks to rate cuts put in by the Reserve Bank, only one of which would have impacted the data. S & P Global said 'arrears are likely to remain low with interest rate cuts in play and inflation coming down'. 'Heightened global uncertainty and its effect on global trade and supply chains, will have downstream impacts on business and consumer confidence, affecting investment and consumer spending decisions.' But it added 'households are likely to behave more cautiously, electing to save or paydown mortgages over spending. This will help to keep arrears low.' MORE: Theme park legend's crypto hideaway hits the market Zac Efron's Aussie long lunch haunt is on the market The top 10 worst postcodes for mortgage arrears were named, shockingly half of them were in Victoria – with the worst about three times national average. 1. Cragieburn, VIC (3064): 3.10pc 2. Caroline Springs, VIC (3023): 2.81pc 3. Bateau Bay, NSW (2261): 2.78pc 4. Narre Warren, VIC (3805): 2.59pc 5. Liverpool, NSW (2170): 2.44pc 6. Carrara, QLD (4211): 2.20pc 7. Pakenham, VIC (3810): 2.11pc 8. Melton South, VIC (3338): 2.07pc 9. Blacktown, NSW (2148): 2.02pc 10. Campbelltown, NSW (2560): 1.94pc S&P Global does expect unemployment to rise this year which will impact arrears levels, but forecasts it will remain below prepandemic levels. 'Interest rate cuts will ease debt serviceability pressures. But we believe they won't make a material difference to overall arrear levels because they're likely to be gradual. These factors will enable most households to remain current on their mortgages.' MORE: Buyer of $12m mansion plans to give it away Culture Kings founders' bold $30m push SA4 REGIONS WITH ARREARS ABOVE AUS AVERAGE: VICTORIA Melbourne – North West, VIC: 2.88pc Shepparton, VIC: 2.63pc Melbourne – South East, VIC: 2.04pc Melbourne – North East, VIC: 2.03pc Latrobe – Gippsland, VIC: 2.01pc Ballarat, Vic: 1.94pc Melbourne – West, Vic: 1.86pc Melbourne – Outer East, Vic: 1.77pc Hume, Vic: 1.69pc Mornington Peninsula, Vic: 1.63pc Geelong, Vic: 1.54pc Warrnambool and South West Vic, Vic: 1.51pc Melbourne – Inner South, Vic: 1.24pc Melbourne – Inner, Vic: 1.06pc NSW Riverina, NSW: 2.77pc Sydney – South West, NSW: 2.05pc Sydney – Inner South West, NSW: 2.00pc Richmond – Tweed, NSW: 1.89pc Sydney – Parramatta, NSW: 1.73pc Sydney – Outer South West, NSW: 1.72pc Central Coast, NSW: 1.68pc Capital Region, NSW: 1.60pc Southern Highlands and Shoalhaven, NSW: 1.57pc Sydney – Blacktown, NSW: 1.56pc Hunter Valley exc Newcastle, NSW: 1.55pc Sydney – Outer West and Blue Mountains, NSW: 1.49pc Sydney – Baulkham Hills and Hawkesbury, NSW: 1.42pc Sydney – Inner West, NSW: 1.42pc Far West and Orana, NSW: 1.36pc Central West, NSW: 1.31pc Illawarra, NSW: 1.29pc Mid North Coast, NSW: 1.22pc Coffs Harbour – Grafton, NSW: 1.21pc Far West and Orana, NSW: 1.05pc QLD Queensland – Outback, Qld: 2.16pc Logan – Beaudesert, Qld: 1.54pc Mackay, Qld: 1.31pc Sunshine Coast, Qld: 1.24pc Fitzroy, Qld: 1.15pc Cairns, Qld: 1.13pc Gold Coast, Qld: 1.11pc Moreton Bay – North, Qld: 1.10pc Townsville, Qld: 1.05pc Wide Bay, Qld: 1.04pc SA: Barossa – Yorke – Mid North, SA: 1.42pc Adelaide – North, SA: 1.35pc South Australia – South East, SA: 1.27pc Adelaide – Central and Hills, SA: 1.11pc WA: Perth – North East, WA: 1.26pc Western Australia – Wheat Belt, WA: 1.26pc Mandurah, WA: 1.23pc Perth – North West, WA: 1.14pc Perth – South West, WA: 1.13pc TAS: Hobart, Tas: 1.26pc West and North West Tas, Tas: 1.13pc NT Northern Territory – Outback, NT: 2.08pc Darwin, NT: 1.04pc ACT: Australian Capital Territory, ACT: 1.29pc MORE REAL ESTATE NEWS