Next time someone tells you that Australia is a country with an affordability crisis and households suffering from mortgage stress, refer them to the official figures on mortgage delinquencies, which means people behind on their repayments.
Mortgage delinquencies are currently 0.9%, according to Fitch Ratings. In other words, less than 1% of households with mortgages are behind on their repayments. Those who are 90 days behind are only 0.4% of the total.
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