FOLLOW US
Follow us!

We are a proud member of the Financial Services Online network!

Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.

Follow us on social media
Jetski Loans Australia
Australia's #1 online jetski loan resource
Jetski Loans Australia :: News
SHARE

Share this news item!

Mortgage Delinquencies Surge Amidst Economic Flux

Mortgage Delinquencies Surge Amidst Economic Flux

Mortgage Delinquencies Surge Amidst Economic Flux?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Recent reports have indicated a worrying trend for Australian homeowners as mortgage delinquencies have climbed to levels not seen in three years.
This surge happens concurrently with the stagnation of interest rates after a protracted period of increases.

Data released by industry authority CoreLogic on Thursday highlighted this upward trend in mortgage arrears, with the figures hitting 1.6 percent in the first quarter of 2024. This presents new challenges for both homeowners and financial institutions alike.

The current economic climate, characterized by uncertainties and fluctuating housing markets, has put significant pressure on homeowners. While interest rates have plateaued, the cumulative effect of prior increments is taking its toll on the financial stability of many Australians.

This trend mirrors a broader global pattern where housing affordability and debt management are becoming central concerns. For instance, in the U.S., the Federal Reserve’s aggressive interest rate hikes have resulted in similar challenges for American homeowners, leading to a noticeable rise in mortgage delinquency rates there as well.

To adapt to this emerging reality, financial institutions in Australia are exploring various strategies. Some banks are reconsidering their lending criteria and offering more flexible repayment options to support those struggling to keep up with their mortgage payments.

Moreover, this spike in arrears might trigger policy changes. Historically, periods of heightened mortgage defaults have often led to government interventions aimed at stabilizing the housing market and providing relief for affected homeowners.

This information aligns with the data originally reported by CoreLogic and covered by Holly Hales from AAP on June 20, 2024. For those seeking to delve deeper into this trend and its implications, access to the full report is available for subscribers of the original publication.

 

Published:Friday, 5th Jul 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Introducing Marinex Underwriting: A New Era in Australian Marine Insurance
Introducing Marinex Underwriting: A New Era in Australian Marine Insurance
21 Dec 2025: Paige Estritori
Australia's marine insurance landscape has welcomed a significant new player with the launch of Marinex Underwriting. This specialised marine underwriting agency aims to address the complex insurance needs of the Australian marine sector, offering tailored solutions backed by global specialty insurance distributor Amwins. - read more
GT Insurance: Navigating Trade Challenges with Flexible Marine Insurance Solutions
GT Insurance: Navigating Trade Challenges with Flexible Marine Insurance Solutions
21 Dec 2025: Paige Estritori
In response to recent shifts in global trade dynamics, GT Insurance is reaffirming its commitment to supporting Australian marine clients navigating these challenges. The imposition of US tariffs-25% on Australian steel and aluminium, and 10% on other exported goods-has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more
Club Marine's Policy Enhancements: A New Wave of Coverage for Australian Boaters
Club Marine's Policy Enhancements: A New Wave of Coverage for Australian Boaters
21 Dec 2025: Paige Estritori
Club Marine, Australia's leading provider of recreational boat insurance, has announced significant updates to its product disclosure statements (PDS), reflecting a commitment to better serve the evolving needs of Australian boaters. This comprehensive review of policy guidelines and terminology aims to align coverage with new boating trends and technologies, ensuring that policyholders receive the most relevant and effective protection. - read more
Hanwha's Stake in Austal: Australia's Conditional Approval
Hanwha's Stake in Austal: Australia's Conditional Approval
13 Dec 2025: Paige Estritori
In a significant development for Australia's shipbuilding industry, the Australian government has approved South Korean conglomerate Hanwha's proposal to increase its shareholding in Austal Limited from 9.9% to 19.9%. This decision comes with stringent conditions aimed at protecting national security interests. - read more
Yamaha Tops Australian Marine Market Searches Ahead of Summer
Yamaha Tops Australian Marine Market Searches Ahead of Summer
13 Dec 2025: Paige Estritori
As Australia gears up for the summer season, Yamaha has solidified its position as the most-searched marine brand in the country. According to Retain Media's Q3 2025 Marine Market Brand Consideration Report, Yamaha holds an 8.4% share of search queries, maintaining its lead from the previous quarter. - read more
Click for more Finance News


Jet Ski Loans Articles

Cruising Through Loan Applications: Tips for Swift Jetski Financing in Australia
Cruising Through Loan Applications: Tips for Swift Jetski Financing in Australia
Nothing quite matches the exhilaration of skimming across the glistening waters of Australia's coastlines on a personal jet ski. The freedom to explore hidden coves, the adrenaline rush of high speeds, and the joy of shared adventures with friends and family—these are just a few thrills that come with jet ski ownership. - read more
Jet Skiing with Kids: Safety Guidelines Every Parent Should Know
Jet Skiing with Kids: Safety Guidelines Every Parent Should Know
Jet skiing can be a fun and exhilarating activity for families, but safety should always be a top priority, especially when children are involved. In Australia, there have been numerous jet skiing accidents involving children, with some resulting in serious injuries or even fatalities. It is important for parents to be aware of the potential risks and to take appropriate safety measures to protect their children when jet skiing. - read more
Jet Ski Maintenance: How to Keep Your Jet Ski Running Smoothly
Jet Ski Maintenance: How to Keep Your Jet Ski Running Smoothly
Jet skiing is one of the most exhilarating water sports out there and owning a Jet Ski can be incredibly exciting. However, along with the excitement comes the responsibility of ensuring that your Jet Ski is well-maintained. Jet Ski maintenance is important for many reasons, and in this article, we will explore the reasons behind why it should be a top priority for any Jet Ski owner. - read more
Your Comprehensive Budget Checklist for Buying a Jetski
Your Comprehensive Budget Checklist for Buying a Jetski
Welcome to our comprehensive guide on the unexpected costs of owning a jet ski. While the idea of cruising on the open water can be exhilarating, it's essential to be aware of the hidden expenses that come along with owning a jet ski. - read more
Financial Tips for First-Time Jetski Buyers in Australia
Financial Tips for First-Time Jetski Buyers in Australia
Buying your first jetski is an exciting venture, offering a unique combination of fun, thrill, and the freedom to explore Australia's beautiful waterways. However, it's crucial to make a well-informed purchase to ensure that your investment complements your lifestyle and financial circumstances. - read more


START HERE.

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Interest Coverage Ratio:
A measure of a company's ability to make interest payments on its debt, calculated as EBIT divided by interest expense.


Quick Links: | Jetski Loans | Jetski Finance | Personal Watercraft Loans | Marine Loans | Jetski Loan Calculator | Best Jetski Loans Australia | Low Interest Jetski Loans | Compare Jetski Loans | Secured Jetski Loans | Unsecured Jetski Loans | How To Finance A Jetski



This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
| HOME | RATES | CALCULATORS | NEWS | ARTICLES | ABOUT | CONTACT | PRIVACY | BROKERS | AFFILIATES | SITEMAP |
powered by Financial Services Online | © Copyright Clark Family Pty Ltd - all rights reserved
IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.