Nationwide mortgage defaults are the highest they have been in two decades according to researchers.
Independent research from Digital Finance Analytics estimates that over 66 thousand households are currently at risk of defaulting on their mortgage.
The Firm’s founder Martin North says the defaults are rising at a concerning rate.
Towns and cities suffering the steepest house price falls are experiencing the worst of it, with regional Australia posting much higher levels of mortgage arrears than the capital city in their state or territory.