Prime home loan delinquencies are up from a year earlier but fell in November… Prices rise across seven capital cities in January...
Prime mortgage arrears rise 25% from a year ago
Prime mortgage arrears are up 25% from a year earlier, but remain relatively low, a report by S&P Global Ratings shows.
However, the number of prime home loan delinquencies fell in November 2016 from the previous month.
A total of 1.15% of the mortgages underlying Australian prime RMBS were more than 30 days in arrears in November, as measured by Standard & Poor's Performance Index (SPIN), down from 1.16% in October.
Arrears fell month on month for most originator categories apart from regional banks, which recorded an increase in arrears to 1.88% from 1.85% a month earlier.
Nonbank financial institutions have maintained the lowest arrears, at 0.63%, followed by nonbank originators, at 0.95%, then other banks, at 0.96%. Major bank arrears were unchanged month on month in November.
Prices rise across seven capital cities in January
CoreLogic’s latest Home Value Index shows capital city dwelling values over January posted a 0.7% rise across the combined capital city regions with Hobart, Sydney and Melbourne in the lead.
Highlights over the three months to January 2016:
• Best performing capital city: Hobart +5.8%
• Weakest performing capital city: Canberra +0.1%
• Highest rental yields: Hobart & Canberra houses with gross rental yield of 5.0% and Hobart Units at 5.8%
• Lowest rental yields: Melbourne houses with gross rental yield of 2.7% and Darwin units at 3.4%
• Most expensive city: Sydney with a median dwelling price of $850,000
• Most affordable city: Hobart with a median dwelling price of $366,000
Brokers on Banks: have your say
MPA's Brokers on Banks survey is open now and needs your help! For 14 years this survey has enabled you to score all of the banks on their performance, and give your views on key issues such as ASIC, channel conflict and commission. Take 5 minutes now to keep the banks honest, with the chance to win a pair of Bose QuietComfort® 25 Acoustic Noise Cancelling® headphones (RRP $399).
Closes 17th February - don't miss out!
Prime mortgage arrears are up 25% from a year earlier, but remain relatively low, a report by S&P Global Ratings shows.
However, the number of prime home loan delinquencies fell in November 2016 from the previous month.
A total of 1.15% of the mortgages underlying Australian prime RMBS were more than 30 days in arrears in November, as measured by Standard & Poor's Performance Index (SPIN), down from 1.16% in October.
Arrears fell month on month for most originator categories apart from regional banks, which recorded an increase in arrears to 1.88% from 1.85% a month earlier.
Nonbank financial institutions have maintained the lowest arrears, at 0.63%, followed by nonbank originators, at 0.95%, then other banks, at 0.96%. Major bank arrears were unchanged month on month in November.
Prices rise across seven capital cities in January
CoreLogic’s latest Home Value Index shows capital city dwelling values over January posted a 0.7% rise across the combined capital city regions with Hobart, Sydney and Melbourne in the lead.
Highlights over the three months to January 2016:
• Best performing capital city: Hobart +5.8%
• Weakest performing capital city: Canberra +0.1%
• Highest rental yields: Hobart & Canberra houses with gross rental yield of 5.0% and Hobart Units at 5.8%
• Lowest rental yields: Melbourne houses with gross rental yield of 2.7% and Darwin units at 3.4%
• Most expensive city: Sydney with a median dwelling price of $850,000
• Most affordable city: Hobart with a median dwelling price of $366,000
Brokers on Banks: have your sayMPA's Brokers on Banks survey is open now and needs your help! For 14 years this survey has enabled you to score all of the banks on their performance, and give your views on key issues such as ASIC, channel conflict and commission. Take 5 minutes now to keep the banks honest, with the chance to win a pair of Bose QuietComfort® 25 Acoustic Noise Cancelling® headphones (RRP $399).
Closes 17th February - don't miss out!
