Size matters when it comes to defaulting

By Clancy Yeates
Updated January 26 2015 - 10:13am, first published December 10 2014 - 12:15am
Borrowing blues.
Borrowing blues.
When good debts go bad: If you have a high loan-to-valuation ratio, it's worth taking extra care with your mortgage payments.
When good debts go bad: If you have a high loan-to-valuation ratio, it's worth taking extra care with your mortgage payments.

Australian borrowers are a fortunate bunch. Unlike households overseas, they've managed to avoid the wave of painful mortgage defaults that have brought other economies to their knees.

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