FEWER Australians are falling behind on their mortgage repayments and traditional battlers’ suburbs are among the biggest improvers. A new study by Fitch Ratings has found that just 0.9 per cent of home loans are more than 30 days in arrears, as low interest rates and rising house prices improve people’s ability to repay. “We have never been this low,” said Fitch director James Zanesi. The firm has been reporting mortgage delinquencies by postcode since 2007 and the current rate, based on September 2014 data, has more than halved from 2 per cent in early 2008 and fell sharply from 1.26 per cent in March last year.
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