Home loan arrears hit five-year high with mining regions suffering most

first_imgEight of the 10 regions with the highest 30-plus delinquency rates were in either Western Australia or Queensland. Picture: iStockHOME loan arrears have hit a five-year high, with Queensland and Western Australia in the crosshairs, the latest Moody’s Investors Service report has found.Moody’s vice president and senior analyst Alena Chen said regions with exposure to the resource and mining sectors dominated the list of areas with the highest delinquencies in May 2017. “Eight of the 10 regions with the highest 30-plus delinquency rates were in either Western Australia or Queensland, and many of these regions are exposed to industries directly or indirectly related to mining and resources.”HIP POCKET: Household debt front and centre: RBA AWARD-WINNING: Take a tour: State’s best homes of 2017 More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoWEEK’S BEST: This home sale has topped QLD Moody’s Investors Service said the proportion of Australian residential mortgages more than 30 days in arrears rose to 1.62 per cent in May 2017, which was the highest rate seen in five years. In May 2016, it was at 1.5 per cent.Analysts expected to see delinquencies continue to increase this year because of weaker conditions in areas that rely on mining, high underemployment and a less favourable housing market.“The mining downturn has dampened economic growth in resource-reliant states, such as Western Australia, the Northern Territory and Queensland, and we expect this situation will weigh on mortgage performance for some time.”Underemployment was estimated at 8.57 per cent on average nationwide in August, with unemployment at 5.6 per cent.“Underemployment results in lower income and reduced capacity to make mortgage repayments, increasing the risk of delinquencies and defaults,” Moody’s said. *Follow SOPHIE FOSTER on Twitter and Facebooklast_img read more

NPFL: Kwara Utd Holds Enyimba in Rescheduled Clash

first_imgIkechukwu Ibenegbu put away the penalty.However, Kwara United restored parity on 51 minutes through leading scorer Stephen Alfred with an assist by Michael Ohanu.Enyimba had to replace Super Eagles goalkeeper Ikechukwu Ezenwa in the 67th minute after he was injured.Meanwhile, Enyimba goalkeeper Ezenwa has moved to allay fears surrounding the injury which forced him off during Wednesday’s NPFL draw against Kwara United.The Nigeria international landed somewhat heavily in claiming a high ball, and was substituted midway through the second half in his second appearance for the People’s Elephant this season. He, however, is extremely confident of a swift return to action.“It was just a minor injury. I have to thank God, it was not a serious blow. Ezenwa is coming back (to training) in just about two or three days,” he told the club’s website last night.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Hosts Kwara United fought back from a goal down to draw 1-1 with Enyimba in a rescheduled Nigeria Professional Football League (NPFL) clash in Ilorin yesterday evening.Enyimba thus climbed to seventh on the table with 22 points after 14 games, while Kwara United remain rooted at the bottom on 16 points from 15 matches.Enyimba went in front after eight minutes from the penalty spot after Ernest Governor was upended inside the goal area.last_img read more

Heat’s Dion Waiters debuts fit physique after being fat-shamed last season

first_imgWith Waiters healthy, he will have to compete for playing time against newly acquired Jimmy Butler, who signed with the Heat this offseason.Waiters averaged 12 points, 2.6 rebounds and 2.8 assists last season and started in 28 of 44 games. Dion Waiters is Instagram’s newest fitness inspiration.The Heat guard drew attention last season after he appeared heavier than usual, causing many trolls to comment about his weight. View this post on Instagram Waiters, 27, saw the jabs at his physique and said he used it as a motivation tool to get back into shape, despite the comments depressing him.Warning: This social media post contains NSFW language. Related News Jerry West explains how Clippers landed Kawhi Leonard, Paul Georgecenter_img NBA free agency rumors: Knicks, Reggie Bullock agree to reworked 2-year deal Last year when I came off 1 of the most depressing & frustrating times of my life. Coming off injury & not feeling like myself nor looking like myself I was in a dark place mentally & physically , Because the game I love so much was taken away due to season ending surgery. Now a days with this social media ran world they laughed at me made jokes etc not knowing what I was battling or going through everyday. So instead of me joining the circus I told myself you from (Philly) you’ve been through worst shit in your life than this. So I promise myself I would work my ass off & get back to where I was before the injury. I’m not done yet but I kno somebody in the world prolli needed to hear this. Stay positive block out the outside noise & grind. #Philly🧀 #stayTuneA post shared by 🔥🔥🔥🔥 (@waiters3) on Jul 15, 2019 at 7:22pm PDT”Last year when I came off 1 of the most depressing & frustrating times of my life,” Waiters wrote. “Coming off injury & not feeling like myself nor looking like myself I was in a dark place mentally & physically, Because the game I love so much was taken away due to season ending surgery.”Now a days with this social media ran world they laughed at me made jokes etc not knowing what I was battling or going through everyday. So instead of me joining the circus I told myself you from (Philly) you’ve been through worst s— in your life than this. So I promise myself I would work my ass off & get back to where I was before the injury. I’m not done yet but I kno somebody in the world prolli needed to hear this. Stay positive block out the outside noise & grind.”The injury Waiters is referring to is the issue he had with his ankle which required surgery that ended his 2017-18 season early. He indicated he gained weight as he recovered and that he wasn’t completely healthy last season when he returned to the court. NBA free agency 2019: Kelly Oubre Jr., Suns agree to 2-year, $30M deallast_img read more