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Outer suburbs deliver poorest mortgage performance

Staff Reporter 1 minute read

Staff Reporter

Sydney’s outer suburbs have been identified as the nation’s poorest mortgage performers.

Fairfield, Liverpool and Macquarie Fields, were all identified as areas with poorly performing mortgages by Moody’s Investors Service.

Today, Moody’s launched a new method to identify the poor performing areas.

The new approach divides Australia into 65 regions and projects their performances onto 'heat maps'.

"In the usual approach, mortgages are analysed according to postcodes, but this has several well-known deficiencies, mainly the large and unmanageable number of these postcodes -- some 6,500 -- and which means the data is often incomprehensible to observers outside the immediate relevant geographies,", Moody's head of structured finance research Arthur Karabatsos said.

"By contrast, the new Moody's approach overcomes all these deficiencies and incorporates three improved delinquency measures -- delinquencies within a region; a region's contribution to total delinquencies, and the Moody's Mortgage Performance Indicator (MMPI).”

The MMPI takes into account both the number of delinquent borrowers in a region and each region's contribution to total delinquencies.

Outer suburbs deliver poorest mortgage performance
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