By Jessica Stanic · 28 April 2009 · Locked
As unemployment rates soar, a staggering number of homeowners in Sydney are defaulting on their mortgages. But which area is being hit the hardest?
A high number of Sydneysiders are defaulting on their mortgages, as the unemployment rate continues to climb. One in 16 homeowners are defaulting on their mortgages, with the top area in NSW for mortgage defaults coming from Nelson Bay, north of Sydney, News Limited reports. According to a study compiled by University of Western Sydney’s […]