MORE and more western Sydney families are falling behind on their mortgages each week.
While most borrowers across the city are meeting increasing repayments and not falling into a serious financial scrape, new figures show the number of borrowers in the west falling behind on their mortgage bills has jumped dramatically – particularly in the past six months.
» Defaults hit mortgages in city’s west – The Sydney Morning Herald, 30th May 2008.
MELBOURNE’S outer suburbs are showing the bruises of higher interest rates. Up to 4% of indebted households in some Melbourne suburbs are now behind in their mortgage payments, a new survey reports, and their numbers are rising rapidly.
» Home buyers fall behind on payments – The Age, 30th May 2008.