The latest from Moody's on Australia:
- Says delinquencies on Australian home mortgages will rise slightly over 2016 from current low levels "but remain at a low level"
- Owing to below-trend economic growth and a slower pace of house price growth in some cities
- Arrears will be highest in those states whose economies are most dependent on the resources sector
- Expect that Australia's GDP growth will likely be towards the upper end of our 1.5% to 2.5% forecast range for 2016, but this will be below the long-term average of 3.5%
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From Moody's just-released report on residential mortgage backed securities in Australia, "Residential Mortgage Delinquency Map: Improving NSW Underpins Steady Performance"
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.