2023 Q4 credit card and home loan delinquencies rise 25% in Sydney and Melbourne.
Credit card and home loan delinquencies are expected to rise in coming months despite stable interest rates and easing cost-of-living pressures. Late last year, borrower stress was most acute in Sydney and Melbourne, with missed repayments on all loans types up 25% in Q4 2023 compared to a year earlier. Illion's head of modelling, Barrett Hasseldine, states that the threat of default remains pronounced for many borrowers.
March 30, 2024
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