In Alpine, situated simply north of Mittagong at NSW’s Southern Highlands, 4.5 per cent of debtors have been in mortgage arrears.
“To date, arrears increases have been delayed by built-up savings and strong employment growth, enhancing job mobility. The coming months will be a litmus test for borrowers facing large increases in their mortgage repayments,” S&P Global stated.
Source: www.9news.com.au
