TWELVE of the 20 areas with the highest mortgage delinquencies in Australia are located in NSW, according to credit rating agency Moody’s Investors Service.”I expect the short-term default rate to continue to rise, driven by the cost of living, such as higher petrol prices and so on,” Moody’s senior analyst Ilya Serov said.
» NSW worst for home mortgage delinquency – The Australian, June 18th 2008.