Mortgage stress down in Queensland but up across Australia

first_imgFewer Queensland homeowners are suffering mortgage stress.MORTGAGE stress is on the decline in Queensland as all other state and territories see an increase in homeowners defaulting on their mortgages. The latest mortgage delinquencies map from Moody’s Investors Service showed the number of mortgages more than 30 days in arrears in Queensland had dropped from 1.69 per cent to 1.62 per cent in the year to November 2018.The report attributed the fall in mortgage stress in Queensland to a growing state economy, up 2.9 per cent in the year to December 2018, and a 5.8 per cent increase in the average Brisbane income in 2018. In comparison, Brisbane house prices increased 0.3 per cent in the same time. However, the number of Queenslanders feeling mortgage stress was above the national average of 1.58 per cent, as well as above ACT (1.11 per cent), New South Wales (1.19 per cent), Tasmania (1.32 per cent) and Victoria (1.39 per cent). Moody’s senior analyst Alena Chen said the decline is mortgage stress in Queensland was thanks to its diversified economy compared to other resource-rich states, but she was cautious about predicting a continuation of the trend.Ms Chen said Moody’s predicted an increase in mortgage stress across the nation in 2019. “We do expect arrears to increase over the next year but because the GDP is below trend but still good and the employment rate is at an historical low, we think arrears will continue to remain low on average,” she said. Queensland’s best performing region was Brisbane west where only 0.81 per cent of borrowers suffered from mortgage stress while in Brisbane’s south and inner city that number was only slightly higher at 0.95 per cent. At the other end of the scale, mortgagees in the Queensland outback were under the most mortgage stress (4.96 per cent) with Townsville (2.88 per cent) and Mackay (2.64 per cent) rounding out the bottom three. Ms Chen said this was to be expected. “This a trend we see consistently in terms of capital city performance compared to rest of the country,” she said. “Capital cities outperform regional areas due to stability of jobs and diversity of industries in inner-cities.” The postcode with the lowest mortgage stress was Ormiston (0.06 per cent), followed by Auchenflower (0.15 per cent) and Chelmer (0.23 per cent).More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoQueensland’s best performing postcodes for mortgage stress4160 Ormiston 0.06 per cent4066 Auchenflower 0.15 per cent4068 Chelmer 0.23 per cent4179 Lota 0.24 per cent4035 Albany Creek 0.30 per centQueensland’s worst performing postcodes for mortgage stress4815 Condon 5.34 per cent4825 Alpurrurulam 5.30 per cent4812 Currajong 3.76 per cent4285 Allenview 3.51 per cent4650 Aldershot 3.25 per centlast_img read more

Johnson treble fires Sunderland

first_img Lee Cattermole, so often derided as the wrong side of aggressive, nullified Adel Taarabt in a clear analysis-room ploy from Sunderland boss Poyet. Fulham’s immediate second-half riposte almost created a gritty contest, with Sidwell heading home Damien Duff’s corner. But the home side could not sustain any kind of comeback, and Sunderland powered to a fine result. Berbatov had two gilt-edged chances in the opening 10 minutes as Fulham settled faster and brighter. The big Bulgarian barged his way to a clear header from an early corner, only to add no power as he nodded into the ground. Sascha Riether then robbed Wes Brown before drilling a fine low cross into the area. Half a yard behind the play though, Berbatov was just not quite sharp enough to control. The ball bobbled into touch on the other side of the field, and with it went Fulham’s first-half opportunities. Buoyed by avoiding early censure the Black Cats started to build a foothold. Riether had to move smartly to cut out Fabio Borini’s neat through-ball, denying Jack Colback a sight of goal, and Phil Bardsley’s 20-yard shot was tipped away by Stockdale. Steven Fletcher then headed over after John O’Shea nodded back across goal from a well-worked Johnson free-kick. Riether’s near-post flick on evaded any Fulham team-mate as the hosts battled to regain the ascendancy. And Taarabt rejected the smart positioning of both Berbatov and Dempsey to try a tricky near-post effort that Vito Mannone was more than wise to. Berbatov’s acrobatic effort came to nought as well, as Fulham failed to generate any cast-iron opportunities in their second spell of dominance. It was all too short-lived for Rene Meulensteen’s men though, as Sunderland pinched the lead thanks to Johnson’s curling free-kick. Sidwell was incensed referee Mike Dean even awarded the foul, with Johnson capitalising on minimal touch to go down 20 yards out. Stockdale will certainly feel he should have tipped Johnson’s shot around his left post though, after getting a glove to the accurate effort. Fulham’s second-choice goalkeeper then spilled a Sunderland cross, only for Fernando Amorebieta to head Marcos Alonso’s shot clear. Sunderland’s pressure told again when Johnson’s low free-kick reached Swansea loan man Ki, who finished courtesy of a Senderos deflection. Taarabt wasted a promising free-kick to open the second half, before Riether flashed the ball across goal, only for Mannone to claim. Duff’s pinpoint corner delivery dragged Fulham back into the contest though, with Sidwell sneaking free to nod home. Senderos had to mop up as Stockdale made a brave call to come out of his area for a clearance, only for Fletcher to put him under pressure. The match opened up with both sides sensing their time to strike. And Sunderland made the most of a lightning break to steal control again. Racing through a sparse midfield with Fulham over-committed, Ki bided his time and threaded a superlative ball through to the onrushing Johnson. The former Manchester City midfielder slotted past the motionless Stockdale to reassert Sunderland’s dominance. And with time running out Johnson rolled a penalty past Stockdale, after Senderos left a leg hanging out to take down Altidore. Johnson had laid on Sunderland’s second for Ki, before the South Korean returned the favour for the Black Cats’ third. Swansea loan man Ki’s fine slide-rule pass allowed Johnson to kill off the game, and the 26-year-old delivered as Sunderland claimed their first league win in three attempts. The Sunderland-born winger then slotted a penalty in the dying stages after Philippe Senderos fouled Jozy Altidore. Poyet’s side had seen off Carlisle and Manchester United in cup action since the turn of the year, but badly needed a Premier League win. Two smart Johnson free-kicks had Sunderland in control, the first a curler into the top corner that David Stockdale could not tip clear. Johnson’s second set-piece allowed Ki to fire home via Senderos’ deflection. Dimitar Berbatov wasted two chances in the first 10 minutes as Fulham fired out of the blocks, but the impetus yielded neither reward nor control. Clint Dempsey could offer minimal impact as Fulham’s influence waned, with regimented Sunderland’s superior organisation paying dividend. Adam Johnson’s hat-trick spearheaded Sunderland’s third win in six days, a ruthless 4-1 Barclays Premier League victory at Fulham. The 11-cap England midfielder laid on Sunderland’s other goal as Gus Poyet’s men drove to a comprehensive win at Craven Cottage. Goals from Johnson and Ki Sung-Yueng had Sunderland in total control at the break, before Steve Sidwell headed his fifth of the season for Fulham after the turnaround. Press Associationlast_img read more