At 0.38%, Australia’s mortgage delinquencies are low, says research by mortgage insurer Genworth Mortgage Insurance Australia.

 

Queensland has the highest delinquency rate of the states (0.53%), mainly because of high vacancy rates in mining towns and the aftermath of floods in 2011 and 2013. Remove those irregularities and mortgages in Queensland would seem to be in order.

 

South Australia is next in line at 0.51%, possibly because of the elevated rates of unemployment consistently being recorded in Adelaide and regional South Australia.

 

Delinquency rates were very low in New South Wales at just 0.27%.