Moodys Regional Approach to Mortgage Delinquencies in Australia

INTERNATIONAL STRUCTURED FINANCE NOVEMBER 9, 2010

SPECIAL REPORT

Table of Contents

EXECUTIVE SUMMARY 1 CITY REGIONAL PROFILES 9 ALL REGIONAL PROFILES 11 APPENDIX 1 – FIRST DELINQUENCY MEASURE – DELINQUENCIES WITH A REGION (30 DAY PLUS) 14 APPENDIX 2 – FIRST DELINQUENCY MEASURE – REGION’S CONTRIBUTION TO TOTAL AUSTRALIAN DELINQUENCIES (30 DAY PLUS) 18 APPENDIX 4 – REGION’S CONTRIBUTION TO TOTAL AUSTRALIAN LOANS WRITTEN 24 APPENDIX 5 – LOCATION MAPS 28 APPENDIX 6 – SAMPLE POSTCODES AND LOCATIONS WITHIN REGIONS 40 APPENDIX 7 – TOTAL REGIONAL SUMMARY (30 PLUS DAYS DELINQUENT) 52 APPENDIX 8 – TOTAL REGIONAL SUMMARY (90 PLUS DAYS DELINQUENT) 54 RELATED RESEARCH 56

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Arthur Karabatsos Vice President – Senior Analyst 612.9270.8160 [email protected]

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Christopher Rands Associate Analyst 612.9270.8119 [email protected]

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Moody’s Regional Approach to Mortgage Delinquencies in Australia Performance deteriorates as distance from capital city centres increases

Executive Summary

To better analyse and more easily identify areas with poorly performing mortgages, Moody’s has divided Australia into 65 regions and projected their performances onto “heat maps.”

This new approach is a radical departure from the more traditional approach, wherein Australian mortgages are analysed according to post codes. This latter approach has several well-known deficiencies, mainly the large and unmanageable number of these postcodes – some 6,500 – and which meant the data was often incomprehensible to observers outside the immediate relevant geographies.

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.

During March 2010, in its first application of this new approach, Moody’s looked at 750,000 mortgages belonging to Moody’s-rated RMBS.

First, the heat maps revealed that the performances of mortgages deteriorate generally as they radiate away from city centres.

In particular, as of March, most of the poorest performing regions were around Australia’s largest city, Sydney; notably Fairfield-Liverpool some 25 kilometres to the west (encompassing suburbs such as Fairfield, Liverpool, and Casula) and Outer South Western Sydney, some 35 kilometres to the west-southwest (encompassing Macquarie Fields, Minto, and Campbelltown).

These regions showed respective 2.77% and 2.55% of their borrowers failing to make one or more mortgage payment (30+ days delinquent).

The MMPI revealed that the worst performing region was Fairfield-Liverpool. At the same time, its delinquencies are over-represented in the national total by a factor of 2.07 – slightly more than double.

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2 NOVEMBER 9, 2010 SPECIAL REPORT: MOODY’S REGIONAL APPROACH TO MORTGAGE DELINQUENCIES IN AUSTRALIA

INTERNATIONAL STRUCTURED FINANCE

Second, the heat maps showed that collateral performance in the two other major state capitals of Melbourne and Brisbane was strong. In particular, collateral performance in regions in Melbourne was better than the national average, with mortgages performing either “well” or “very well” according to our five categories on performance.

Third, the heat maps revealed that most of Australia’s delinquent loans are located in the North Western Sydney region, some 30 kilometres west-northwest of Sydney (encompassing Penrith, Mt Druitt, and Blacktown.) The region accounted for 6.48% of all 30+ day delinquencies. It was the only region whose contribution to total delinquencies was categorised as “highly elevated” according to our six categories on contributions to overall delinquencies.

Only two regions were categorised as having a “very high” number of delinquencies. In this category, the two regions were Fairfield-Liverpool, accounting for 4.24%, and the Gold Coast some 35 kilometres south-southeast of Queensland’s capital of Brisbane. (encompassing suburbs such as Surface Paradise, Helensvale, and Coomera), accounting for 4.45% of all Australian delinquencies.

Regional Based Delinquencies

The global credit crisis has emphasized the importance of increased scrutiny of RMBS credit quality. Accordingly, Moody’s has begun examining Australian delinquencies on a regional basis, and mapping the results to easy visualize the relationship between delinquencies and geography.

Current industry practices of reporting delinquencies on a national basis forego the granularity required for meaningful analysis.

The traditional approach for overcoming this lack of granularity involved reporting delinquencies by postcode. But, with over 6,500 postcodes, it is difficult to examine and digest the results. And there is no hint of whether problematic postcodes are near, or far from each other.

A much better approach is to analyse delinquencies on a regional basis. As such, Moody’s has divided Australia into 65 regions, according to the Australian Bureau of Statistics’ (ABS) Statistical Regions (SRs).

This raises granularity without the information overload associated with postcode analysis. Additionally, by mapping the results onto “heat maps,” problematic areas are quickly and easily identified in a more meaningful manner.

SRs are an Australian Standard Geographical Classification defined area. As such, they have sufficient population for presentation in population census and labour force statistics within the frameworks for standard statistical outputs. SRs cover the whole of Australia without gaps or overlaps.

A significant benefit in aligning delinquency data with SRs is the plethora of free information available from the ABS. Market participants can freely obtain information, such as unemployment rates, income levels, educational levels, etc, for each SR, and overlay it with Moody’s delinquency data to perform their own analysis. Such analysis is beyond the scope of this report.

Improved Delinquency Measures

To better understand mortgage performance, this report has utilised 3 different regional delinquency measures.

First Delinquency Measure - Delinquencies within a Region

“Delinquencies within a Region” measures what percentage of mortgages written within a region are delinquent. This number is calculated by dividing the balance of all delinquent mortgages within a region by the total balance of all mortgages within the same region (including delinquent mortgages).

This can be used as a predictor of the likelihood of a mortgage written within the region becoming delinquent.

This data will allow analysts to gauge the relative performance of regions against each other, as the amount of loans written in a region is not a dependant factor.

When mapped, the delinquencies within a region will classified by the following categories.

2.5% - 3% Performing Very Poorly

2% - 2.5% Performing Poorly

1.5% - 2% Performance Satisfactory

1% - 1.5% Performing Well

0% - 1% Performing Very Well

Second Delinquency Measure - Region’s Contribution to Total Delinquencies

“Region’s Contribution to Total Delinquencies” measures a region’s delinquencies as a proportion to total delinquent mortgages nationally. It is calculated by dividing the balance of all delinquent mortgages within a region by the total balance of delinquent loans Australia wide.



When mapped, a region’s contribution will be classified by the following categories.

5% - 7% Highly Elevated

4% - 5% Very High

3% - 4% High

2% - 3% Moderate

1% - 2% Low

0% - 1% Very Low

Third Delinquency Measure - MMPI

“Moody’s Mortgage Performance Indicator (MMPI)” at its simplest compares a particular region – in terms of its delinquency performance – with other regions.

Specifically, if a region has a MMPI of more than “1”, then that means the region’s delinquencies are over-represented – against all the loans written in Australia -- and if it is less than “1”, that means it is under-represented.

For example, with the Liverpool-Fairfield region in Sydney, its arrears represented some 4.24% of all arrears in Australia, but, the region only accounts for 2.05% of all loans written in Australia.

Therefore, this region has an MMPI of 2.07 (4.25% / 2.05%), meaning it is over-represented in total arrears for Australia by 2 times. In fact, in this case, it was at the top of the rankings, meaning it was the worst performing region in Australia.

Delinquency Analysis

Data Source

The following regional analysis was conducted utilising March 2010 on over 750,000 mortgages belonging to Moody’s rated RMBS transactions. They are taken as a suitable proxy for market trends.

First Delinquency Measure - Delinquencies within a Region

While the mortgage market may be performing satisfactorily as a whole, our mapping of delinquencies quickly highlights regions with delinquency rates higher than the national average of 1.34%.

From Figure 1, it is evident that most are performing well, with arrears falling predominantly within the 1 – 2% range.

But, various pockets show delinquency rates much higher than the national average; mainly in the state of Western Australian (WA), and specifically, south of its capital of Perth; and in New South Wales (NSW), and specifically surrounding its capital of Sydney.

FIGURE 1

Percentage of Delinquencies within Regions - Australia

With NSW, Figure 2 reveals regional NSW performing well. Less than $2 of every $100 worth of mortgages show failures to make one or more payments (30 plus days delinquent).

FIGURE 2

Percentage of Delinquencies within Regions - Sydney and Surrounds

With Sydney, Figure 3 reveals that mortgage performance within the city varies significantly.

Furthermore, the map reveals the further a mortgage borrower is from the city centre the greater the risk that they will fail to pay one or more mortgage repayments.

Moreover, Sydney is surrounded by six badly performing regions having delinquencies greater than 2%.



Sydney is surrounded by the only two regions categorised as Performing Very Poorly with more than 2.5% of the loans within the regions being delinquent. This is the most severe category -- of a total of five -- and compares with less than 1% for the least severe, Performing Very Well.

The two regions are Fairfield-Liverpool, 25 Kilometres west of Sydney and Outer South Western Sydney 35 kilometres west-south west of Sydney..

Fairfield-Liverpool -- with 2.7% of its mortgages 30 plus days delinquent -- is composed of suburbs such as Fairfield, Liverpool, Cabramatta and Bonnyrigg.

Outer South Western Sydney -- with 2.55% 30 plus days delinquent -- is composed of suburbs such as Macquarie Fields, Campbelltown, Camden and Narrellan.

Sydney is also surrounded by four of the five regions categorised as Performing Poorly with delinquencies of between 2% and 2.5%. This is the second most serve category of the five.

The worst of these five regions is North Western Sydney with 2.37% of mortgages being 30 plus days delinquent. It is composed of suburbs such as Penrith, Mount Druitt, Blacktown and Richmond.

Meanwhile, regions close to the Sydney’s city centre perform comparatively well, a pattern that is repeated in all state capital cities.

FIGURE 3

Percentage of Delinquencies within Regions - Sydney

For a full set of maps detailing Delinquencies with Regions refer to Appendix 1.

Delinquencies within a Region and Presale Reports

To promote transparency and assist market participants form their own views as to the credit quality of mortgage portfolios, Moody’s will in future presale reports provide

maps illustrating Delinquencies Within Regions overlaid with the percentage of loans a portfolio has within regions.

For example, figure 4 shows Delinquencies Within Regions overlaid with the percentage of mortgages in an illustrative portfolio in each region.

FIGURE 4

Map of Portfolio A

This allows potential investors to easily identify that 14.6% of mortgages borrowers in the illustrative portfolio are in the two worst performing regions of Fairfield-Liverpool and Outer South Western Sydney. Such a conclusion may assist in determining future portfolio performance.

Second Delinquency Measure – Region’s Contribution to Total Delinquencies

Figure 5 maps out each region’s contribution to total delinquencies and reveals that the majority of Australia’s delinquent loans are around Sydney and the Gold Coast, just south of Brisbane in the state of Queensland.



FIGURE 5

Region’s Contribution to Total Delinquencies

Most of Australia’s delinquent loans are located in the North Western Sydney region about 30 kilometres west-northwest of Sydney. This region account for 6.48% of all Australian delinquent loans and encompasses the suburbs of Blacktown, Mt Druitt and Penrith. It is the only region who’s contribution to total Australian delinquencies is categorised as Highly Elevated, more than 5%, the most sever of six, and compares with less than 1% for the least severe.

Only two regions have their contribution to total Australian delinquencies as Very High, 4% -5%, the second most sever category. The regions are Fairfield-Liverpool, 4,24%, about 25 kilometres west of Sydney encompassing the suburbs of Fairfield, Liverpool and Casual and the Gold Coast, 4.45%, about 35 kilometres south-southwest of Queensland’s capital of Brisbane encompassing the suburbs of Surfers Paradise, Coomera and Helensvale.

These three regions account for 15.17% of all delinquencies, while representing only 9.49% of all mortgages.

FIGURE 6

Region’s Contribution to Total Delinquencies - Sydney

Although the Gold Coast is in the second worst category for total delinquencies, accounting for 4.45% of all Australian delinquencies, this situation should be viewed against the fact that only 1.57% of all its loans are delinquent.

Its high delinquencies total is driven by the fact that it has the more loans written (3.79%) than any other region.

FIGURE 7

Region’s Contribution to Total Delinquencies - Brisbane

For a full set of maps detailing a Region’s Contribution to Total Australian Delinquencies refer to Appendix 2.

Third Delinquency Measure – MMPI

Moody’s Mortgage Performance Indicator (MMPI) is a simple way of identifying regions whose delinquent loans are over-, or under-represented in the national delinquencies total.



This is accomplished by taking into account both the region’s contribution to total Australian delinquencies and its contribution to total Australian mortgages outstanding.

A MMPI number of 1 indicates that the delinquencies for the region are in line with the region’s total loans written. For example, the North Metropolitan region in the state of Western Australian accounts for 2.92% of all delinquencies and 2.91% of all loans written. This gives it a MMPI of 1.

Conversely the Fairfield-Liverpool region contains 4.24% of all delinquencies and 2.05% of all loans written. This gives it an MMPI of 2.07, indicating that its delinquent mortgages are over-represented in the national delinquencies total by a factor of 2.07 (double).

A MMPI number less than 1 indicates a good mortgage performance.

By using MMPI, the worst and best performing regions are easily identifiable.

Worst Performing Regions

MMPI quickly and easily identifies that New South Wales contains 9 of the 10 worst performing regions. And 6 surround Sydney.



Best Performing Regions

Despite the relatively poor performance seen by regions within Australia’s national largest city, Sydney, the next two largest cities of Melbourne and Brisbane have experienced strong collateral performance.

Most notable is the performance of regions within Melbourne, where collateral has performed better than the nation as a whole. Three 3 of the top 10 best performing regions are within Melbourne.

TABLE 1

Moody’s Mortgage Performance Indicator - 30 plus days delinquencies

Column 1 Column 2 Column 3

Ranking Region State Delinquencies Within Region

Region's Contribution To Total Australian

Delinquencies


Loans Written

Moody’s Performance Indicator

(Column 2 / Column 3)

1 Fairfield-Liverpool NSW 2.77% 4.24% 2.05% 2.07 2 Outer South Western Sydney NSW 2.55% 2.86% 1.50% 1.91 3 North Western Sydney NSW 2.37% 6.48% 3.65% 1.78 4 Central Coast NSW 2.33% 2.92% 1.67% 1.75 5 Hunter NSW 2.05% 2.83% 1.84% 1.54 6 Canterbury-Bankstown NSW 2.05% 2.35% 1.53% 1.53 7 Lower Western WA WA 2.00% 1.88% 1.25% 1.50 8 Central West NSW 1.98% 0.60% 0.40% 1.48 9 Far West-North Western NSW 1.93% 0.30% 0.20% 1.45 10 Mid-North Coast NSW 1.86% 0.95% 0.69% 1.39 11 Sunshine Coast QLD 1.84% 2.24% 1.62% 1.38 12 Illawarra NSW 1.82% 2.35% 1.72% 1.36 13 West Moreton QLD 1.78% 0.55% 0.41% 1.33 14 Murray-Murrumbidgee NSW 1.72% 0.76% 0.59% 1.29 15 Central Western Sydney NSW 1.68% 2.38% 1.89% 1.26 16 Wide Bay-Burnett QLD 1.65% 1.02% 0.83% 1.24 17 South West Metropolitan WA 1.59% 2.28% 1.91% 1.19 18 Remainder - Balance WA WA 1.59% 0.68% 0.57% 1.19 19 Gold Coast QLD 1.57% 4.45% 3.79% 1.17 20 Far North QLD 1.56% 1.13% 0.96% 1.17 21 Northern-North West QLD 1.54% 1.02% 0.88% 1.16 22 Darling Downs-South West QLD 1.53% 0.67% 0.58% 1.15 23 South Eastern Melbourne VIC 1.53% 2.25% 1.97% 1.15 24 East Metropolitan WA 1.50% 1.57% 1.39% 1.12 25 Mackay-Fitzroy-Central West QLD 1.47% 1.43% 1.30% 1.10 26 Northern NSW 1.45% 0.28% 0.26% 1.08 27 Mornington Peninsula VIC 1.41% 1.32% 1.25% 1.05 28 Ipswich City QLD 1.39% 0.88% 0.84% 1.04 29 South East Metropolitan WA 1.38% 2.04% 1.97% 1.04 30 Central Highlands-Wimmera VIC 1.38% 0.54% 0.53% 1.03 31 Richmond-Tweed NSW 1.37% 0.81% 0.79% 1.03 32 North Metropolitan WA 1.34% 2.92% 2.91% 1.00 33 St George-Sutherland NSW 1.32% 2.80% 2.83% 0.99 34 All Gippsland VIC 1.31% 0.78% 0.79% 0.98 35 North BSD Balance QLD 1.31% 1.51% 1.54% 0.98 36 Central Northern Sydney NSW 1.29% 3.18% 3.29% 0.97 37 North Western Melbourne VIC 1.28% 1.27% 1.32% 0.96 38 Northern Adelaide SA 1.28% 1.60% 1.67% 0.96 39 South and East BSD Balance QLD 1.28% 1.65% 1.72% 0.96 40 Outer Western Melbourne VIC 1.25% 2.88% 3.07% 0.94 41 Northern and Western SA SA 1.24% 0.20% 0.22% 0.93 42 South Eastern NSW 1.24% 0.81% 0.87% 0.93 43 Goulburn-Ovens-Murray VIC 1.22% 0.67% 0.73% 0.91 44 Southern and Eastern SA SA 1.15% 0.60% 0.69% 0.86 45 Eastern Suburbs NSW 1.07% 1.41% 1.76% 0.80 46 Tasmania TAS 1.05% 1.03% 1.32% 0.78 47 Barwon-Western District VIC 1.05% 1.15% 1.47% 0.78 48 Inner Sydney NSW 0.99% 2.04% 2.74% 0.74 49 Northern Beaches NSW 0.99% 1.34% 1.81% 0.74 50 Western Adelaide SA 0.98% 0.59% 0.80% 0.74 51 Inner Western Sydney NSW 0.98% 0.96% 1.31% 0.73



TABLE 1





Delinquencies


Loans Written



52 Loddon-Mallee VIC 0.97% 0.65% 0.90% 0.73 53 North Eastern Melbourne VIC 0.95% 1.38% 1.92% 0.72 54 Outer Eastern Melbourne VIC 0.95% 1.32% 1.85% 0.71 55 Brisbane City Outer Ring QLD 0.94% 2.65% 3.76% 0.70 56 Inner Eastern Melbourne VIC 0.91% 1.86% 2.72% 0.68 57 Southern Adelaide SA 0.74% 0.89% 1.60% 0.56 58 Eastern Adelaide SA 0.66% 0.59% 1.19% 0.50 59 Brisbane City Inner Ring QLD 0.60% 0.98% 2.20% 0.45 60 Southern Melbourne VIC 0.60% 0.84% 1.88% 0.45 61 Northern Territory NT 0.57% 0.27% 0.62% 0.43 62 Australian Capital Territory ACT 0.57% 1.11% 2.59% 0.43 63 Lower Northern Sydney NSW 0.54% 0.94% 2.31% 0.41 64 Inner Melbourne VIC 0.50% 0.70% 1.89% 0.37 65 Central Metropolitan WA 0.39% 0.21% 0.72% 0.30

For a similar analysis with 90 plus day delinquencies refer to Appendix 3.



City Regional Profiles

Scrutinising the regions surrounding capital cities lays bare that the amount of equity a mortgage borrower has in their home is a key predictor of their ability to maintain mortgage repayments. Borrowers with less equity are more likely to become delinquent on their repayments. A borrower’s equity in their home is calculated by dividing the current outstanding mortgage balance by the value of their home and is referred to as the Loan To Value ratio (LTV).

The higher the LTV the less equity a borrower has in their home and more likely to become delinquent. Australian mortgage lenders use the LTV as a prime risk / default indicator. Australian lenders require all borrowers with more than 80% LTV to purchase a mortgage insurance policy for the benefit of the lender and covers the lender for the balance of the loan outstanding plus accrued interest and reasonable expenses incurred in the enforcement of the mortgage.

TABLE 2

Sydney

Ranking Region Delinquencies Within Region (30 Plus Days) Current Weighted Average LTV

1 Fairfield-Liverpool 2.77% 64.60% 2 Outer South Western Sydney 2.55% 66.39% 3 North Western Sydney 2.37% 66.39% 4 Central Coast 2.33% 65.13% 5 Hunter 2.05% 64.14% 6 Canterbury-Bankstown 2.05% 62.42% 7 Illawarra 1.82% 62.14% 8 Central Western Sydney 1.68% 65.33% 9 St George-Sutherland 1.32% 59.32% 10 Central Northern Sydney 1.29% 57.96% 11 Eastern Suburbs 1.07% 56.41% 12 Inner Sydney 0.99% 61.43% 13 Northern Beaches 0.99% 56.24% 14 Inner Western Sydney 0.98% 59.73% 15 Lower Northern Sydney 0.54% 56.97%

TABLE 3

Melbourne


1 South Eastern Melbourne 1.53% 65.49% 2 Mornington Peninsula 1.41% 62.74% 3 All Gippsland 1.31% 62.42% 4 North Western Melbourne 1.28% 64.24% 5 Outer Western Melbourne 1.25% 64.56% 6 Barwon-Western District 1.05% 62.59% 7 North Eastern Melbourne 0.95% 60.67% 8 Outer Eastern Melbourne 0.95% 62.33% 9 Inner Eastern Melbourne 0.91% 56.54% 10 Southern Melbourne 0.60% 56.97% 11 Inner Melbourne 0.50% 60.14%

TABLE 4

Brisbane


1 Gold Coast 1.57% 64.21% 2 Ipswich City 1.39% 66.16% 3 North BSD Balance 1.31% 63.34% 4 South and East BSD Balance 1.28% 61.92% 5 Brisbane City Outer Ring 0.94% 59.81% 6 Brisbane City Inner Ring 0.60% 58.86%



TABLE 5

Perth


1 Lower Western WA 2.00% 58.17% 2 South West Metropolitan 1.59% 57.99% 3 East Metropolitan 1.50% 58.56% 4 South East Metropolitan 1.38% 59.19% 5 North Metropolitan 1.34% 57.39% 6 Central Metropolitan 0.39% 51.89%



All Regional Profiles

Almost without exception, borrowers who have missed at least one repayment (30 plus days delinquent) have a higher LTV and loan balance than all other borrowers within the same region. And borrowers who have missed at least three repayments have an even higher LTV and loan balance than those who have missed one repayment.

For example, in the All Gippsland region, borrowers have a weighted average LTV of 62.42% and an average loan balance of $113,776.

By comparison, those who are 30 plus days delinquent have LTVs of 73.30% and loan amounts of $152,667.

And those who are 90 plus days delinquent have LTVs of 78.41% and loan amounts of $162,062.

The same cannot be said for Seasoning, (how many months ago the loan was first taken out).

TABLE 6

REGIONAL PROFILE 30+ Days Delinquencies 90+ Days Delinquencies

Region State Current Weighted

Average LTV Average Balance

Weighted Average

Seasoning Current Weighted


Weighted Average



Weighted Average

Seasoning

All Gippsland VIC 62.42% $113,776 45 73.30% $152,667 46 78.41% $162,062 40 Australian Capital Territory ACT 62.66% $155,895 45 74.13% $205,330 44 76.40% $131,375 38 Barwon-Western District VIC 62.59% $131,943 46 74.85% $167,472 50 77.93% $135,146 51 Brisbane City Inner Ring QLD 58.86% $193,448 48 69.58% $265,265 54 69.37% $270,554 61 Brisbane City Outer Ring QLD 59.81% $164,060 50 72.16% $227,864 46 75.45% $214,078 48 Canterbury-Bankstown NSW 62.42% $185,038 58 75.90% $286,142 62 76.17% $248,492 65 Central Coast NSW 65.13% $177,098 57 80.37% $280,788 58 81.69% $289,412 61 Central Highlands-Wimmera VIC 65.48% $114,487 47 83.88% $161,764 56 101.05% $167,292 52 Central Metropolitan WA 51.89% $206,934 46 62.39% $237,974 56 49.16% $197,045 58 Central Northern Sydney NSW 57.96% $228,118 55 70.84% $421,253 59 73.40% $468,132 63 Central West NSW 63.55% $122,332 57 78.03% $148,701 53 83.03% $162,702 52 Central Western Sydney NSW 65.33% $190,728 57 78.59% $313,080 60 82.93% $295,762 69 Darling Downs-South West QLD 60.73% $117,984 50 72.25% $169,220 55 70.30% $133,646 42 East Metropolitan WA 58.56% $160,973 43 75.11% $240,006 39 76.67% $250,772 35 Eastern Adelaide SA 57.15% $150,688 52 70.85% $190,159 57 67.80% $179,302 58 Eastern Suburbs NSW 56.41% $251,703 54 70.62% $429,746 64 75.37% $448,786 64 Fairfield-Liverpool NSW 64.60% $179,208 61 78.72% $288,017 63 82.48% $294,272 63 Far North QLD 63.21% $151,183 47 71.99% $244,436 47 70.81% $289,603 48 Far West-North Western NSW 63.11% $110,027 55 73.46% $141,428 54 77.26% $130,422 53 Gold Coast QLD 64.21% $195,944 51 75.60% $291,403 49 78.62% $338,632 47 Goulburn-Ovens-Murray NSW 63.17% $116,482 50 72.79% $149,552 58 71.93% $155,382 57 Hunter NSW 64.14% $157,832 53 76.68% $237,599 53 80.42% $229,014 49 Illawarra NSW 62.14% $165,290 56 76.34% $253,340 56 75.85% $242,501 57



TABLE 6




Weighted Average



Weighted Average



Weighted Average

Seasoning

Inner Eastern Melbourne VIC 56.54% $186,024 46 73.03% $307,780 48 85.96% $298,664 50 Inner Melbourne VIC 60.14% $206,940 48 64.78% $230,353 54 68.13% $205,819 57 Inner Sydney NSW 61.43% $222,952 56 72.92% $363,020 61 77.34% $352,288 63 Inner Western Sydney NSW 59.73% $232,676 54 95.68% $320,564 68 72.43% $329,191 75 Ipswich City QLD 66.16% $146,965 47 76.77% $190,901 46 78.56% $151,461 49 Loddon-Mallee VIC 63.21% $114,172 50 75.91% $141,890 52 75.03% $142,558 53 Lower Northern Sydney NSW 56.97% $234,856 54 67.52% $373,040 60 71.53% $342,553 55 Lower Western WA WA 58.17% $157,903 43 73.39% $234,107 41 75.97% $255,521 42 Mackay-Fitzroy-Central West QLD 61.22% $149,869 46 74.20% $211,247 42 79.70% $226,679 45 Mid-North Coast NSW 59.85% $134,944 55 73.42% $224,382 53 77.87% $260,736 54 Mornington Peninsula VIC 62.74% $147,400 48 76.41% $190,078 50 75.05% $173,065 49 Murray-Murrumbidgee VIC 64.12% $116,853 51 79.20% $154,154 53 89.82% $131,648 61 North BSD Balance QLD 63.34% $161,746 48 74.46% $209,844 50 78.33% $164,335 51 North Eastern Melbourne VIC 60.67% $155,931 47 73.56% $218,871 47 79.36% $176,265 58 North Metropolitan WA 57.39% $176,218 44 71.14% $233,263 41 73.08% $232,211 42 North Western Melbourne VIC 64.24% $152,568 48 79.58% $203,852 51 81.08% $196,629 44 North Western Sydney NSW 66.39% $179,028 59 80.22% $270,684 60 83.77% $276,075 60 Northern QLD 61.94% $110,231 53 77.72% $153,186 56 80.35% $144,560 47 Northern Adelaide SA 63.46% $124,807 52 76.45% $162,366 50 78.19% $142,665 51 Northern and Western SA SA 59.99% $102,576 50 71.02% $147,733 44 64.27% $115,829 65 Northern Beaches NSW 56.24% $244,020 56 69.50% $431,487 63 72.79% $371,676 77 Northern Territory NT 61.14% $161,124 42 71.17% $185,801 44 78.66% $136,073 25 Northern-North West QLD 62.39% $153,658 45 73.45% $215,392 41 73.78% $193,376 43 Outer Eastern Melbourne VIC 62.33% $144,383 48 75.06% $195,117 49 79.87% $193,264 49 Outer South Western Sydney NSW 66.39% $177,012 60 76.35% $263,024 59 77.28% $237,132 58 Outer Western Melbourne VIC 64.56% $152,781 47 78.32% $205,136 52 78.63% $198,012 49 Remainder - Balance WA WA 59.39% $155,335 41 72.00% $199,861 38 71.33% $200,442 37 Richmond-Tweed NSW 59.38% $157,150 52 70.69% $250,154 49 75.06% $284,700 49 South and East BSD Balance QLD 61.92% $157,961 49 75.03% $210,043 45 79.49% $213,752 46 South East Metropolitan WA 59.19% $162,986 44 71.29% $224,779 44 74.77% $231,755 44 South Eastern NSW 61.92% $143,827 50 75.53% $161,267 48 80.77% $124,149 49 South Eastern Melbourne VIC 65.49% $142,956 48 77.59% $203,679 53 81.05% $209,904 52 South West Metropolitan WA 57.99% $174,522 43 73.68% $259,614 41 77.63% $273,853 42 Southern Adelaide SA 60.60% $133,386 50 71.43% $172,260 52 74.25% $172,791 49 Southern and Eastern SA SA 60.63% $120,266 51 73.50% $160,588 54 72.60% $159,883 56 Southern Melbourne VIC 56.97% $189,909 46 77.27% $249,960 49 93.96% $198,863 57 St George-Sutherland NSW 59.32% $204,561 56 74.86% $387,131 56 76.65% $406,932 57



TABLE 6




Weighted Average



Weighted Average



Weighted Average

Seasoning

Sunshine Coast QLD 59.24% $179,781 50 74.59% $309,132 52 72.28% $405,552 51 Tasmania TAS 62.72% $110,585 40 80.81% $145,031 44 87.19% $149,097 44 West Moreton QLD 61.18% $150,094 45 75.03% $212,763 49 75.30% $181,539 49 Western Adelaide SA 60.09% $137,926 52 76.20% $180,305 47 76.92% $170,915 45 Wide Bay-Burnett QLD 61.66% $126,216 48 74.14% $194,011 43 76.29% $192,515 38



Appendix 1 – First Delinquency Measure – Delinquencies with a Region (30 day plus)

FIGURE 8

Delinquencies within a Region - Australia



FIGURE 9

Delinquencies within a Region – Sydney and Surrounds

FIGURE 10

Delinquencies within a Region - Sydney



FIGURE 11

Delinquencies within a Region - Melbourne

FIGURE 12

Delinquencies within a Region - Brisbane



FIGURE 13

Delinquencies within a Region - Adelaide

FIGURE 14

Delinquencies within a Region - Perth



Appendix 2 – First Delinquency Measure – Region’s Contribution to Total Australian Delinquencies (30 day plus)

FIGURE 15

Region’s Contribution to Total Australian Delinquencies - Australia



FIGURE 16

Region’s Contribution to Total Australian Delinquencies – Sydney and Surrounds

FIGURE 17

Region’s Contribution to Total Australian Delinquencies - Sydney



FIGURE 18

Region’s Contribution to Total Australian Delinquencies - Melbourne

FIGURE 19

Region’s Contribution to Total Australian Delinquencies - Brisbane



FIGURE 20

Region’s Contribution to Total Australian Delinquencies - Adelaide

FIGURE 21

Region’s Contribution to Total Australian Delinquencies - Perth



Appendix 3 – Third Delinquency Measure – Moody’s Mortgage Performance Indicator

TABLE 7





Delinquencies

Region's Contribution To Total Australian Loans

Written



1 Lower Western WA WA 1.04% 2.76% 1.25% 2.20 2 Fairfield-Liverpool NSW 0.98% 4.22% 2.05% 2.06 3 North Western Sydney NSW 0.96% 7.40% 3.65% 2.03 4 Central Coast NSW 0.94% 3.32% 1.67% 1.98 5 Far West-North Western NSW 0.92% 0.40% 0.20% 1.94 6 Hunter NSW 0.86% 3.36% 1.84% 1.82 7 Mid-North Coast NSW 0.85% 1.23% 0.69% 1.80 8 Central West NSW 0.84% 0.71% 0.40% 1.77 9 Outer South Western Sydney NSW 0.78% 2.48% 1.50% 1.66 10 Sunshine Coast QLD 0.72% 2.46% 1.62% 1.52 11 Wide Bay-Burnett QLD 0.65% 1.14% 0.83% 1.37 12 East Metropolitan WA 0.63% 1.86% 1.39% 1.33 13 South West Metropolitan WA 0.62% 2.49% 1.91% 1.30 14 Remainder - Balance WA WA 0.61% 0.74% 0.57% 1.30 15 Gold Coast QLD 0.61% 4.91% 3.79% 1.29 16 South East Metropolitan WA 0.61% 2.54% 1.97% 1.29 17 Canterbury-Bankstown NSW 0.60% 1.93% 1.53% 1.26 18 Illawarra NSW 0.57% 2.08% 1.72% 1.21 19 Central Northern Sydney NSW 0.53% 3.71% 3.29% 1.13 20 Mackay-Fitzroy-Central West QLD 0.53% 1.45% 1.30% 1.12 21 Central Highlands-Wimmera VIC 0.51% 0.56% 0.53% 1.07 22 Far North QLD 0.51% 1.02% 0.96% 1.07 23 Central Western Sydney NSW 0.50% 1.99% 1.89% 1.06 24 St George-Sutherland NSW 0.49% 2.95% 2.83% 1.04 25 Mornington Peninsula VIC 0.49% 1.28% 1.25% 1.03 26 South Eastern Melbourne VIC 0.49% 2.02% 1.97% 1.02 27 Murray-Murrumbidgee NSW 0.48% 0.60% 0.59% 1.02 28 Tasmania TAS 0.48% 1.33% 1.32% 1.01 29 Richmond-Tweed NSW 0.46% 0.77% 0.79% 0.97 30 Southern and Eastern SA SA 0.46% 0.67% 0.69% 0.97 31 Eastern Suburbs NSW 0.45% 1.66% 1.76% 0.95 32 All Gippsland VIC 0.44% 0.74% 0.79% 0.93 33 Darling Downs-South West QLD 0.44% 0.54% 0.58% 0.93 34 Northern NSW 0.44% 0.24% 0.26% 0.93 35 Goulburn-Ovens-Murray VIC 0.44% 0.68% 0.73% 0.93 36 North Metropolitan WA 0.43% 2.62% 2.91% 0.90 37 Outer Western Melbourne VIC 0.42% 2.74% 3.07% 0.89 38 Northern Adelaide SA 0.42% 1.47% 1.67% 0.88 39 Northern Beaches NSW 0.41% 1.57% 1.81% 0.87 40 North Western Melbourne VIC 0.40% 1.13% 1.32% 0.85 41 West Moreton QLD 0.39% 0.34% 0.41% 0.82 42 South Eastern NSW 0.39% 0.71% 0.87% 0.82 43 Western Adelaide SA 0.37% 0.63% 0.80% 0.79 44 Ipswich City QLD 0.37% 0.66% 0.84% 0.79 45 Northern-North West QLD 0.37% 0.68% 0.88% 0.78 46 Inner Western Sydney NSW 0.36% 1.00% 1.31% 0.76 47 Inner Eastern Melbourne VIC 0.34% 1.96% 2.72% 0.72 48 Brisbane City Outer Ring QLD 0.32% 2.53% 3.76% 0.67 49 South and East BSD Balance QLD 0.32% 1.15% 1.72% 0.67 50 Outer Eastern Melbourne VIC 0.31% 1.21% 1.85% 0.65 51 Inner Sydney NSW 0.31% 1.78% 2.74% 0.65 52 Loddon-Mallee VIC 0.30% 0.58% 0.90% 0.64 53 Northern and Western SA SA 0.30% 0.14% 0.22% 0.63 54 Southern Adelaide SA 0.29% 0.96% 1.60% 0.60 55 Barwon-Western District VIC 0.28% 0.87% 1.47% 0.59 56 North BSD Balance QLD 0.26% 0.86% 1.54% 0.56



TABLE 7





Delinquencies

Region's Contribution To Total Australian Loans

Written



57 North Eastern Melbourne VIC 0.25% 1.01% 1.92% 0.53 58 Brisbane City Inner Ring QLD 0.23% 1.05% 2.20% 0.48 59 Inner Melbourne VIC 0.23% 0.90% 1.89% 0.48 60 Lower Northern Sydney NSW 0.19% 0.92% 2.31% 0.40 61 Eastern Adelaide SA 0.18% 0.45% 1.19% 0.38 62 Central Metropolitan WA 0.17% 0.27% 0.72% 0.37 63 Southern Melbourne VIC 0.16% 0.64% 1.88% 0.34 64 Northern Territory NT 0.16% 0.21% 0.62% 0.33 65 Australian Capital Territory ACT 0.13% 0.71% 2.59% 0.27



Appendix 4 – Region’s Contribution to Total Australian Loans Written

The following figures display the percentage of loans originated in each respective regions represented as a percentage of the total loans written within Australia.

FIGURE 22

Region’s Contribution to Total Loans Written – Australia



FIGURE 23

Region’s Contribution to Total Loans Written – Sydney and Surrounds

FIGURE 24

Region’s Contribution to Total Loans Written - Sydney



FIGURE 25

Region’s Contribution to Total Loans Written - Melbourne

FIGURE 26

Region’s Contribution to Total Loans Written - Brisbane



FIGURE 27

Region’s Contribution to Total Loans Written - Adelaide

FIGURE 28

Region’s Contribution to Total Loans Written - Perth



Appendix 5 – Location Maps

The following maps allow for identifying cities, towns or towns with regions.

FIGURE 29

Location Map – Australia



FIGURE 30

Location Map – New South Wales



FIGURE 31

Location Map - Sydney



FIGURE 32

Location Map - Victoria



FIGURE 33

Location Map – Melbourne



FIGURE 34

Location Map - Queensland



FIGURE 35

Location Map - Brisbane



FIGURE 36

Location Map – Brisbane Inner



FIGURE 37

Location Map – South Australia



FIGURE 38

Location Map – Adelaide



FIGURE 39

Location Map – Perth and Surrounds



FIGURE 40

Location Map - Perth



Appendix 6 – Sample Postcodes and Locations within Regions

Sydney

Statistical Region Post Code Location

Canterbury-Bankstown 2162 CHESTER HILL 2190 CHULLORA 2191 BELFIELD 2192 BELMORE 2193 ASHBURY 2194 CAMPSIE 2195 LAKEMBA 2196 PUNCHBOWL 2197 BASS HILL 2198 GEORGES HALL 2199 YAGOONA 2200 BANKSTOWN 2206 CLEMTON PARK 2208 KINGSGROVE 2211 PADSTOW 2212 REVESBY 2213 EAST HILLS 2214 MILPERRA Central Coast 2250 BUCKETTY 2251 AVOCA BEACH 2256 BLACKWALL 2257 BOOKER BAY 2258 FOUNTAINDALE 2259 ALISON 2260 ERINA HEIGHTS 2261 BATEAU BAY 2262 BLUE HAVEN 2263 CANTON BEACH Central Northern Sydney 2069 CASTLE COVE 2070 EAST LINDFIELD 2071 EAST KILLARA 2072 GORDON 2073 PYMBLE 2074 NORTH TURRAMURRA 2075 ST IVES 2076 NORMANHURST 2077 ASQUITH 2079 MOUNT COLAH 2080 MOUNT KURING-GAI 2081 BEROWRA 2082 BEROWRA CREEK 2083 BAR POINT 2118 CARLINGFORD 2119 BEECROFT 2120 PENNANT HILLS 2121 EPPING 2125 WEST PENNANT HILLS 2126 CHERRYBROOK 2152 NORTHMEAD 2153 BAULKHAM HILLS 2154 CASTLE HILL 2155 BEAUMONT HILLS 2156 ANNANGROVE 2157 CANOELANDS 2158 DURAL 2159 ARCADIA


Central Western Sydney 2115 ERMINGTON 2116 RYDALMERE 2117 DUNDAS 2127 NEWINGTON 2128 SILVERWATER 2141 BERALA 2142 BLAXCELL 2143 BIRRONG 2144 AUBURN 2145 CONSTITUTION HILL 2146 OLD TOONGABBIE 2150 HARRIS PARK 2151 NORTH PARRAMATTA 2160 MERRYLANDS 2161 GUILDFORD Eastern Suburbs 2021 CENTENNIAL PARK 2022 BONDI JUNCTION 2023 BELLEVUE HILL 2024 BRONTE 2025 WOOLLAHRA 2026 BONDI 2027 DARLING POINT 2028 DOUBLE BAY 2029 ROSE BAY 2030 DOVER HEIGHTS 2031 CLOVELLY 2032 DACEYVILLE 2033 KENSINGTON 2034 COOGEE 2035 MAROUBRA 2036 CHIFLEY Fairfield-Liverpool 2163 CARRAMAR 2164 SMITHFIELD 2165 FAIRFIELD 2166 CABRAMATTA 2168 ASHCROFT 2170 CASULA 2171 CECIL HILLS 2172 PLEASURE POINT 2173 HOLSWORTHY 2174 EDMONDSON PARK 2175 HORSLEY PARK 2176 ABBOTSBURY 2177 BONNYRIGG 2179 AUSTRAL 2555 BADGERYS CREEK 2556 BRINGELLY Hunter 2264 BALCOLYN 2265 COORANBONG 2267 WANGI WANGI 2278 BARNSLEY 2280 BELMONT 2281 BLACKSMITHS 2282 ELEEBANA 2283 ARCADIA VALE 2284 ARGENTON 2285 CAMERON PARK 2286 HOLMESVILLE 2287 BIRMINGHAM GARDENS 2289 ADAMSTOWN 2290 BENNETTS GREEN 2291 MEREWETHER 2292 BROADMEADOW 2293 MARYVILLE




2294 CARRINGTON 2295 FERN BAY 2296 ISLINGTON 2297 TIGHES HILL 2298 GEORGETOWN 2299 JESMOND 2300 BAR BEACH 2302 NEWCASTLE WEST 2303 HAMILTON 2304 KOORAGANG 2305 KOTARA EAST 2306 WINDALE 2307 SHORTLAND 2308 CALLAGHAN 2311 ALLYNBROOK 2312 MINIMBAH 2315 CORLETTE 2316 ANNA BAY 2317 SALAMANDER BAY 2318 CAMPVALE 2319 LEMON TREE PASSAGE 2320 ABERGLASSLYN 2321 BERRY PARK 2322 BERESFIELD 2323 ASHTONFIELD 2324 BALICKERA 2325 ABERDARE 2326 ABERMAIN 2327 KURRI KURRI 2328 BUREEN 2329 CASSILIS 2330 APPLETREE FLAT 2331 SINGLETON MILITARY AREA 2333 BAERAMI 2334 GRETA 2335 BELFORD 2336 ABERDEEN 2337 BELLTREES 2338 ARDGLEN 2415 MONKERAI 2420 ALISON 2421 FISHERS HILL 2422 BACK CREEK 2423 BOMBAH POINT 2425 ALLWORTH 2428 BLUEYS BEACH Illawarra 2500 CONISTON 2502 CRINGILA 2505 PORT KEMBLA 2506 BERKELEY 2508 COALCLIFF 2515 AUSTINMER 2516 BULLI 2517 RUSSELL VALE 2518 BELLAMBI 2519 BALGOWNIE 2525 FIGTREE 2526 CORDEAUX 2527 ALBION PARK 2528 BARRACK HEIGHTS 2529 BLACKBUTT 2530 AVONDALE 2533 BOMBO 2534 BROUGHTON VILLAGE


2535 BACK FOREST 2538 BROOMAN 2539 BAWLEY POINT 2540 BAMARANG 2541 BANGALEE 2575 ALPINE 2576 BOWRAL 2577 AVOCA 2578 BUNDANOON Inner Sydney 2000 BARANGAROO 2006 THE UNIVERSITY OF SYDNEY 2007 BROADWAY 2008 CHIPPENDALE 2009 PYRMONT 2010 DARLINGHURST 2011 ELIZABETH BAY 2015 ALEXANDRIA 2016 REDFERN 2017 WATERLOO 2018 EASTLAKES 2019 BANKSMEADOW 2020 MASCOT 2037 FOREST LODGE 2038 ANNANDALE 2039 ROZELLE 2040 LEICHHARDT 2041 BALMAIN 2042 ENMORE 2043 ERSKINEVILLE 2044 ST PETERS 2048 STANMORE 2049 LEWISHAM 2050 CAMPERDOWN 2052 UNSW SYDNEY 2203 DULWICH HILL 2204 MARRICKVILLE Inner Western Sydney 2045 HABERFIELD 2046 ABBOTSFORD 2047 DRUMMOYNE 2130 SUMMER HILL 2131 ASHFIELD 2132 CROYDON 2133 CROYDON PARK 2134 BURWOOD 2135 STRATHFIELD 2136 BURWOOD HEIGHTS 2137 BREAKFAST POINT 2138 CONCORD WEST 2140 HOMEBUSH Lower Northern Sydney 2060 North Sydney 2061 KIRRIBILLI 2062 CAMMERAY 2063 NORTHBRIDGE 2064 ARTARMON 2065 CROWS NEST 2066 LANE COVE 2067 CHATSWOOD 2068 CASTLECRAG 2088 MOSMAN 2089 NEUTRAL BAY 2090 CREMORNE 2109 MACQUARIE UNIVERSITY 2110 HUNTERS HILL 2111 BORONIA PARK




2112 DENISTONE EAST 2113 BLENHEIM ROAD 2114 DENISTONE 2122 EASTWOOD Northern Beaches 2084 COTTAGE POINT 2085 BELROSE 2086 FRENCHS FOREST 2087 FORESTVILLE 2092 SEAFORTH 2093 BALGOWLAH 2094 FAIRLIGHT 2095 MANLY 2096 CURL CURL 2097 COLLAROY 2099 CROMER 2100 ALLAMBIE HEIGHTS 2101 ELANORA HEIGHTS 2102 WARRIEWOOD 2103 MONA VALE 2104 BAYVIEW 2105 CHURCH POINT 2106 NEWPORT 2107 AVALON 2108 COASTERS RETREAT North Western Sydney 2147 KINGS LANGLEY 2148 ARNDELL PARK 2178 CECIL PARK 2745 GLENMORE PARK 2747 CAMBRIDGE GARDENS 2748 ORCHARD HILLS 2749 CASTLEREAGH 2750 EMU HEIGHTS 2753 AGNES BANKS 2754 NORTH RICHMOND 2755 RICHMOND RAAF 2756 BLIGH PARK 2757 KURMOND 2758 BERAMBING 2759 ERSKINE PARK 2760 COLYTON 2761 COLEBEE 2762 SCHOFIELDS 2763 ACACIA GARDENS 2765 BERKSHIRE PARK 2766 EASTERN CREEK 2767 DOONSIDE 2768 GLENWOOD 2770 BIDWILL 2773 GLENBROOK 2774 BLAXLAND 2775 CENTRAL MACDONALD 2776 FAULCONBRIDGE 2777 HAWKESBURY HEIGHTS 2778 LINDEN 2779 HAZELBROOK 2780 KATOOMBA 2782 WENTWORTH FALLS 2783 LAWSON 2784 BULLABURRA 2785 BLACKHEATH 2786 BELL Outer South Western Sydney 2167 GLENFIELD 2557 CATHERINE FIELD 2558 EAGLE VALE


2559 BLAIRMOUNT 2560 GLEN ALPIN 2563 MENANGLE PARK 2564 GLENQUARIE 2565 BARDIA 2566 BOW BOWING 2567 NARRELLAN 2568 MENANGLE 2569 DOUGLAS PARK 2570 CAMDEN 2571 BALMORAL 2572 LAKESLAND 2573 TAHMOOR 2574 AVON 2752 SILVERDALE St George-Sutherland 2205 ARNCLIFFE 2207 BARDWELL PARK 2209 BEVERLY HILLS 2210 LUGARNO 2216 BANKSIA 2217 BEVERLEY PARK 2218 ALLAWAH 2219 DOLLS POINT 2220 HURSTVILLE 2221 BLAKEHURST 2222 PENSHURST 2223 MORTDALE 2224 KANGAROO POINT 2225 OYSTER BAY 2226 BONNET BAY 2227 GYMEA 2228 MIRANDA 2229 CARINGBAH 2230 BUNDEENA 2231 KURNELL 2232 AUDLEY 2233 ENGADINE 2234 ALFORDS POINT

Melbourne


All Gippsland 3816 LABERTOUCHE 3818 ATHLONE 3820 BONA VISTA 3821 BRANDY CREEK 3822 CLOVERLEA 3823 ALLAMBEE 3824 CHILDERS 3825 ABERFELDY 3831 NEERIM 3832 NAYOOK 3833 ADA 3835 THORPDALE 3840 DRIFFIELD 3842 CHURCHILL 3844 BLACKWARRY 3847 HIAMDALE 3850 SALE 3851 AIRLY 3852 EAST SALE 3854 GLENGARRY




3856 TOONGABBIE 3857 COWWARR 3858 ARBUCKLE 3859 MAFFRA WEST UPPER 3860 BOISDALE 3862 BUDGEE BUDGEE 3864 FERNBANK 3865 LINDENOW 3869 JUMBUK 3870 BOOLARRA 3871 ALLAMBEE RESERVE 3873 GORMANDALE 3874 CHERRILONG 3875 BAIRNSDALE 3878 EAGLE POINT 3880 BOOLE POOLE 3882 NICHOLSON 3885 BRUMBY 3886 NEWMERELLA 3887 LAKE TYERS 3888 BENDOC 3889 BELLBIRD CREEK 3890 BULDAH 3891 GENOA 3892 MALLACOOTA 3893 DOUBLE BRIDGES 3895 DOCTORS FLAT 3896 BINDI 3898 ANGLERS REST 3900 BENAMBRA 3902 BUMBERRAH 3903 SWAN REACH 3904 METUNG 3909 KALIMNA 3922 COWES 3923 RHYLL 3925 CAPE WOOLAMAI 3945 JEETHO 3946 BENA 3950 KARDELLA SOUTH 3951 ARAWATA 3953 BERRYS CREEK 3954 KOONWARRA 3956 DUMBALK 3957 STONY CREEK 3958 BUFFALO 3959 FISH CREEK 3960 BENNISON 3962 AGNES 3964 PORT FRANKLIN 3965 PORT WELSHPOOL 3966 BINGINWARRI 3967 HEDLEY 3971 ALBERTON 3984 ADAMS ESTATE 3987 NYORA 3988 MOUNTAIN VIEW 3990 GLEN FORBES 3991 BASS 3992 BLACKWOOD FOREST 3995 ANDERSON 3996 INVERLOCH Barwon-Western District 3212 AVALON 3214 CORIO


3215 BELL PARK 3216 BELMONT 3217 DEAKIN UNIVERSITY 3218 GEELONG WEST 3219 BREAKWATER 3220 BAREENA 3221 ANAKIE 3222 CLIFTON SPRINGS 3223 INDENTED HEAD 3224 LEOPOLD 3225 POINT LONSDALE 3226 OCEAN GROVE 3227 BARWON HEADS 3228 BELLBRAE 3230 ANGLESEA 3231 AIREYS INLET 3232 LORNE 3233 APOLLO BAY 3235 BENWERRIN 3236 FORREST 3237 AIRE VALLEY 3238 GLENAIRE 3239 CARLISLE RIVER 3240 BUCKLEY 3241 BAMBRA 3242 BIRREGURRA 3243 BARWON DOWNS 3249 ALVIE 3250 COLAC 3251 BEEAC 3254 COROROOKE 3260 BOOKAAR 3264 TERANG 3265 BOORCAN 3266 BULLAHARRE 3267 SCOTTS CREEK 3268 AYRFORD 3269 PORT CAMPBELL 3270 PETERBOROUGH 3271 DARLINGTON 3272 MORTLAKE 3273 HEXHAM 3274 CARAMUT 3275 MAILORS FLAT 3276 MINJAH 3277 ALLANSFORD 3278 PURNIM 3279 BALLANGEICH 3280 DENNINGTON 3281 BUSHFIELD 3282 ILLOWA 3283 CROSSLEY 3284 ORFORD 3285 CODRINGTON 3286 CONDAH SWAMP 3287 HAWKESDALE 3289 GAZETTE 3292 NELSON 3293 GLENTHOMPSON 3294 DUNKELD 3300 BYADUK NORTH 3301 BOCHARA 3302 BRANXHOLME 3303 BREAKAWAY CREEK




3304 BESSIEBELLE 3305 ALLESTREE 3309 DIGBY 3310 MERINO 3311 CASTERTON 3312 BAHGALLAH 3314 BULART 3315 BRIT BRIT 3321 HESSE 3322 CRESSY 3323 BERRYBANK 3324 LISMORE 3325 DERRINALLUM 3328 TEESDALE 3329 BARUNAH PARK 3330 ROKEWOOD 3331 BANNOCKBURN 3332 LETHBRIDGE 3333 BAMGANIE 3351 BERRINGA 3360 HAPPY VALLEY 3361 BRADVALE 3407 BALMORAL 3921 FRENCH ISLAND Goulburn-Ovens-Murray 3521 PYALONG 3522 GLENHOPE EAST 3559 AVONMORE 3561 BALLENDELLA 3562 TORRUMBARRY 3563 LOCKINGTON 3564 BAMAWM EXTENSION 3565 KOTTA 3566 GUNBOWER 3608 BAILIESTON 3610 DHURRINGILE 3612 MOORA 3614 TOOLAMBA 3616 COOMA 3617 BYRNESIDE 3618 MERRIGUM 3620 KYABRAM 3621 KYVALLEY 3622 KOYUGA 3623 CARAG CARAG 3624 GIRGARRE 3629 ARDMONA 3630 BRANDITT 3631 ARCADIA 3633 CONGUPNA 3634 BUNBARTHA 3635 KAARIMBA 3636 DRUMANURE 3637 WAAIA 3638 KOTUPNA 3639 BARMAH 3640 KATUNGA 3641 BEARII 3644 BAROOGA 3646 DOOKIE 3647 DOOKIE COLLEGE 3649 KATAMATITE 3658 BROADFORD 3659 TALLAROOK 3660 CAVEAT


3662 PUCKAPUNYAL 3663 MANGALORE 3664 AVENEL 3665 LOCKSLEY 3666 BALMATTUM 3669 BOHO 3670 BADDAGINNIE 3672 BENALLA 3673 BROKEN CREEK 3675 BOWEYA 3677 WANGARATTA 3678 BOBINAWARRAH 3682 BORALMA 3683 CHILTERN 3685 BOORHAMAN NORTH 3687 WAHGUNYAH 3688 BARNAWARTHA 3690 WEST WODONGA 3691 ALLANS FLAT 3694 BANDIANA MILPO 3695 CHARLEROI 3697 TAWONGA 3698 TAWONGA SOUTH 3699 BOGONG 3700 BULLIOH 3701 DARTMOUTH 3704 KOETONG 3705 CUDGEWA 3707 BIGGARA 3708 TINTALDRA 3709 BURROWYE 3711 BUXTON 3712 RUBICON 3713 EILDON 3714 ACHERON 3715 ANCONA 3717 FLOWERDALE 3718 MOLESWORTH 3719 GOBUR 3720 BONNIE DOON 3722 BARWITE 3723 ARCHERTON 3725 BOXWOOD 3726 BUNGEET 3727 ALMONDS 3728 BOOMAHNOOMOONAH 3730 BATHUMI 3732 MOYHU 3733 WHITFIELD 3735 BOWMANS FOREST 3737 ABBEYARD 3738 OVENS 3739 EUROBIN 3740 BUCKLAND 3741 BRIGHT 3744 WANDILIGONG 3746 ELDORADO 3747 BEECHWORTH 3749 BRUARONG 3756 CHINTIN 3758 HEATHCOTE JUNCTION 3763 KINGLAKE 3764 FORBES 3778 FERNSHAW




3779 CAMBARVILLE Inner Eastern Melbourne 3101 COTHAM 3102 KEW EAST 3103 BALWYN 3104 BALWYN NORTH 3105 BULLEEN 3106 TEMPLESTOWE 3107 TEMPLESTOWE LOWER 3108 DONCASTER 3109 DONCASTER EAST 3111 DONVALE 3113 NORTH WARRANDYTE 3114 PARK ORCHARDS 3115 WONGA PARK 3122 AUBURN SOUTH 3123 AUBURN 3124 CAMBERWELL 3125 BENNETTSWOOD 3126 CAMBERWELL EAST 3127 MONT ALBERT 3128 BOX HILL 3129 BOX HILL NORTH 3130 BLACKBURN 3131 BRENTFORD SQUARE 3132 MITCHAM 3133 VERMONT 3146 GLEN IRIS 3147 ASHBURTON 3148 CHADSTONE 3149 MOUNT WAVERLEY 3150 BRANDON PARK 3151 BURWOOD EAST 3166 HUGHESDALE 3167 OAKLEIGH SOUTH 3168 CLAYTON 3170 MULGRAVE 3800 MONASH UNIVERSITY Inner Melbourne 3000 MELBOURNE 3002 EAST MELBOURNE 3003 WEST MELBOURNE 3004 MELBOURNE 3005 WORLD TRADE CENTRE 3006 SOUTH WHARF 3008 DOCKLANDS 3010 UNIVERSITY OF MELBOURNE 3050 ROYAL MELBOURNE HOSPITAL 3051 HOTHAM HILL 3052 MELBOURNE UNIVERSITY 3053 CARLTON 3054 CARLTON NORTH 3065 FITZROY 3066 COLLINGWOOD 3067 ABBOTSFORD 3068 CLIFTON HILL 3121 BURNLEY 3141 CHAPEL STREET NORTH 3142 HAWKSBURN 3143 ARMADALE 3144 KOOYONG 3181 PRAHRAN 3182 ST KILDA 3183 BALACLAVA 3184 BRIGHTON ROAD 3205 SOUTH MELBOURNE


3206 ALBERT PARK 3207 GARDEN CITY Loddon-Mallee 3371 AMHERST 3431 RIDDELLS CREEK 3432 BOLINDA 3434 CHEROKEE 3435 BENLOCH 3437 BULLENGAROOK 3438 NEW GISBORNE 3440 MACEDON 3441 MOUNT MACEDON 3442 ASHBOURNE 3444 BARFOLD 3446 DRUMMOND NORTH 3447 TARADALE 3448 ELPHINSTONE 3450 CASTLEMAINE 3451 BARKERS CREEK 3453 HARCOURT 3462 GREEN GULLY 3463 BARINGHUP 3464 CARISBROOK 3465 ADELAIDE LEAD 3472 BET BET 3475 ARCHDALE 3480 AREEGRA 3482 MASSEY 3483 BALLAPUR 3490 BIG DESERT 3494 CARWARP 3496 CARDROSS 3498 IRYMPLE 3500 MILDURA 3501 HATTAH 3505 BIRDWOODTON 3506 COWANGIE 3507 WALPEUP 3509 LINGA 3512 CARINA 3515 MARONG 3516 BRIDGEWATER 3517 BEARS LAGOON 3518 BERRIMAL 3520 KINYPANIAL 3523 ARGYLE 3525 BARRAKEE 3527 BUNGULUKE 3529 KALPIENUNG 3530 CULGOA 3531 BERRIWILLOCK 3533 BIMBOURIE 3537 BARRAPORT 3540 CANNIE 3542 COKUM 3544 CHINANGIN 3546 BOLTON 3549 ANNUELLO 3550 BENDIGO 3551 ARNOLD 3555 BIG HILL 3556 CALIFORNIA GULLY 3557 BARNADOWN 3558 BURNEWANG 3567 HORFIELD




3568 BURKES BRIDGE 3570 AUCHMORE 3571 DINGEE 3572 MILLOO 3573 CALIVIL 3575 GLADFIELD 3576 DURHAM OX 3579 APPIN 3580 KOONDROOK 3581 LAKE CHARM 3583 TRESCO 3584 LAKE BOGA 3585 CASTLE DONNINGTON 3586 BULGA 3588 WOORINEN SOUTH 3589 WOORINEN 3590 BEVERFORD 3591 VINIFERA 3594 NYAH 3595 NYAH WEST 3596 MIRALIE 3597 KENLEY 3599 BOUNDARY BEND 3607 TABILK Mornington Peninsula 3198 BELVEDERE PARK 3199 FRANKSTON 3200 FRANKSTON NORTH 3201 CARRUM DOWNS 3910 LANGWARRIN 3911 BAXTER 3912 PEARCEDALE 3913 TYABB 3915 HASTINGS 3916 MERRICKS 3918 BITTERN 3919 CRIB POINT 3920 HMAS CERBERUS 3926 BALNARRING 3927 SOMERS 3928 MAIN RIDGE 3929 FLINDERS 3930 KUNYUNG 3931 MORNINGTON 3933 MOOROODUC 3934 MOUNT MARTHA 3936 ARTHURS SEAT 3937 RED HILL 3938 MCCRAE 3939 BONEO 3940 ROSEBUD WEST 3941 RYE 3942 BLAIRGOWRIE 3943 SORRENTO 3944 PORTSEA North Eastern Melbourne 3070 NORTHCOTE 3071 THORNBURY 3072 GILBERTON 3073 KEON PARK 3074 THOMASTOWN 3075 LALOR 3076 EPPING 3078 ALPHINGTON 3079 IVANHOE 3081 BELLFIELD


3082 MILL PARK 3083 BUNDOORA 3084 BANYULE 3085 MACLEOD 3086 LA TROBE UNIVERSITY 3087 WATSONIA 3088 BRIAR HILL 3089 DIAMOND CREEK 3090 PLENTY 3091 YARRAMBAT 3093 LOWER PLENTY 3094 MONTMORENCY 3095 ELTHAM 3096 WATTLE GLEN 3097 BEND OF ISLANDS 3099 ARTHURS CREEK 3750 WOLLERT 3751 WOODSTOCK 3752 MORANG SOUTH 3753 BEVERIDGE 3754 DOREEN 3755 YAN YEAN 3757 EDEN PARK 3759 PANTON HILL 3760 SMITHS GULLY 3761 ST ANDREWS 3762 BYLANDS North Western Melbourne 3043 GLADSTONE PARK 3044 PASCOE VALE 3045 MELBOURNE AIRPORT 3046 GLENROY 3047 BROADMEADOWS 3048 COOLAROO 3049 ATTWOOD 3055 BRUNSWICK SOUTH 3056 BRUNSWICK 3057 BRUNSWICK EAST 3058 BATMAN 3059 GREENVALE 3060 FAWKNER 3061 CAMPBELLFIELD 3062 SOMERTON 3063 OAKLANDS JUNCTION 3064 CRAIGIEBURN 3428 BULLA 3429 SUNBURY 3430 CLARKEFIELD Outer Eastern Melbourne 3116 CHIRNSIDE PARK 3134 HEATHWOOD 3135 BEDFORD ROAD 3136 CROYDON 3137 KILSYTH 3138 MOOROOLBARK 3139 BEENAK 3140 LILYDALE 3152 KNOX CITY CENTRE 3153 BAYSWATER 3154 THE BASIN 3155 BORONIA 3156 FERNTREE GULLY 3158 UPWEY 3159 MENZIES CREEK 3160 BELGRAVE 3178 ROWVILLE




3179 SCORESBY 3180 KNOXFIELD 3765 MONTROSE 3766 KALORAMA 3767 MOUNT DANDENONG 3770 COLDSTREAM 3775 CHRISTMAS HILLS 3777 BADGER CREEK 3785 TREMONT 3786 FERNY CREEK 3787 SASSAFRAS 3788 OLINDA 3789 SHERBROOKE 3791 KALLISTA 3792 THE PATCH 3793 MONBULK 3795 SILVAN 3796 MOUNT EVELYN 3797 GILDEROY 3799 BIG PATS CREEK Outer Western Melbourne 3011 FOOTSCRAY 3012 BROOKLYN 3013 YARRAVILLE 3015 NEWPORT 3016 WILLIAMSTOWN 3018 ALTONA 3019 BRAYBROOK 3020 ALBION 3021 ALBANVALE 3022 ARDEER 3023 BURNSIDE 3024 MAMBOURIN 3025 ALTONA EAST 3026 LAVERTON NORTH 3027 WILLIAMS LANDING 3028 ALTONA MEADOWS 3029 HOPPERS CROSSING 3030 COCOROC 3031 FLEMINGTON 3032 ASCOT VALE 3033 KEILOR EAST 3034 AVONDALE HEIGHTS 3036 KEILOR 3037 CALDER PARK 3038 KEILOR DOWNS 3039 MOONEE PONDS 3040 ABERFELDIE 3041 ESSENDON FIELDS 3042 AIRPORT WEST 3211 LITTLE RIVER 3335 PLUMPTON 3337 KURUNJANG 3338 BROOKFIELD 3427 DIGGERS REST South East Metropolitan 6100 BURSWOOD 6101 CARLISLE 6102 BENTLEY 6103 RIVERVALE 6104 ASCOT 6105 CLOVERDALE 6106 WELSHPOOL 6107 BECKENHAM 6108 THORNLIE 6109 MADDINGTON


6110 GOSNELLS 6111 ASHENDON 6112 ARMADALE 6121 OAKFORD 6122 BYFORD 6123 MUNDIJONG 6124 JARRAHDALE 6125 HOPELAND 6126 KEYSBROOK 6147 LANGFORD 6148 FERNDALE 6151 KENSINGTON 6152 COMO 6155 CANNING VALE 6980 CANNINGTON Southern Melbourne 3145 CAULFIELD EAST 3161 CAULFIELD JUNCTION 3162 CAULFIELD 3163 BOORAN ROAD PO 3165 BENTLEIGH EAST 3169 CLARINDA 3185 ELSTERNWICK 3186 BRIGHTON 3187 BRIGHTON EAST 3188 HAMPTON 3189 MOORABBIN 3190 HIGHETT 3191 SANDRINGHAM 3192 CHELTENHAM 3193 BEAUMARIS 3194 MENTONE 3195 ASPENDALE 3196 BONBEACH 3197 CARRUM 3202 HEATHERTON 3204 BENTLEIGH

Brisbane


Brisbane City Inner Ring 4000 BRISBANE 4005 NEW FARM 4006 BOWEN HILLS 4007 ASCOT 4010 ALBION 4011 CLAYFIELD 4029 ROYAL BRISBANE HOSPITAL 4030 LUTWYCHE 4031 GORDON PARK 4051 ALDERLEY 4059 KELVIN GROVE 4060 ASHGROVE 4064 MILTON 4065 BARDON 4067 ST LUCIA 4068 CHELMER 4072 UNIVERSITY OF QUEENSLAND 4101 HIGHGATE HILL 4102 BURANDA 4103 ANNERLEY 4104 YERONGA 4105 MOOROOKA




4120 GREENSLOPES 4121 HOLLAND PARK 4151 COORPAROO 4169 EAST BRISBANE 4170 CANNON HILL 4171 BALMORAL Brisbane City Outer Ring 4008 PINKENBA 4009 EAGLE FARM 4012 NUNDAH 4013 NORTHGATE 4014 BANYO 4017 BRACKEN RIDGE 4018 FITZGIBBON 4025 BULWER 4032 CHERMSIDE 4034 ASPLEY 4035 ALBANY CREEK 4036 BALD HILLS 4053 BROOKSIDE CENTRE 4054 ARANA HILLS 4055 BUNYA 4061 THE GAP 4066 AUCHENFLOWER 4069 BROOKFIELD 4070 ANSTEAD 4073 SEVENTEEN MILE ROCKS 4074 JAMBOREE HEIGHTS 4075 CORINDA 4076 DARRA 4077 DOOLANDELLA 4078 ELLEN GROVE 4106 BRISBANE MARKET 4107 SALISBURY 4108 ARCHERFIELD 4109 MACGREGOR 4110 ACACIA RIDGE 4111 NATHAN 4112 KURABY 4113 EIGHT MILE PLAINS 4115 ALGESTER 4116 CALAMVALE 4122 MANSFIELD 4152 CAMP HILL 4153 BELMONT 4154 GUMDALE 4155 CHANDLER 4156 BURBANK 4172 MURARRIE 4173 TINGALPA 4174 HEMMANT 4178 LYTTON 4179 LOTA 4520 ARMSTRONG CREEK Gold Coast 4205 BETHANIA 4207 ALBERTON 4208 GILBERTON 4209 COOMERA 4210 GUANABA 4211 ADVANCETOWN 4212 HELENSVALE 4213 AUSTINVILLE 4214 ARUNDEL 4215 AUSTRALIA FAIR 4216 BIGGERA WATERS


4217 BENOWA 4218 BROADBEACH 4219 WEST BURLEIGH 4220 BURLEIGH BC 4221 ELANORA 4223 CURRUMBIN 4224 TUGUN 4225 BILINGA 4226 CLEAR ISLAND WATERS 4227 REEDY CREEK 4228 TALLEBUDGERA 4229 BOND UNIVERSITY 4230 ROBINA TOWN CENTRE North BSD Balance 4019 CLONTARF 4020 NEWPORT 4021 KIPPA-RING 4022 ROTHWELL 4037 EATONS HILL 4500 BRAY PARK 4501 LAWNTON 4502 PETRIE 4503 DAKABIN 4504 NARANGBA 4505 BURPENGARY 4506 MOORINA 4507 BANKSIA BEACH 4508 DECEPTION BAY 4509 MANGO HILL 4510 BEACHMERE 4511 GODWIN BEACH 4512 BRACALBA 4514 BELLTHORPE 4516 ELIMBAH 4521 CAMPBELLS POCKET South and East BSD Balance 4114 KINGSTON 4117 BERRINBA 4118 BROWNS PLAINS 4119 UNDERWOOD 4123 ROCHEDALE 4124 BORONIA HEIGHTS 4125 MUNRUBEN 4127 DAISY HILL 4128 SHAILER PARK 4129 LOGANHOLME 4130 CARBROOK 4131 LOGANLEA 4132 CRESTMEAD 4133 CHAMBERS FLAT 4157 CAPALABA 4158 THORNESIDE 4159 BIRKDALE 4160 ORMISTON 4161 ALEXANDRA HILLS 4163 CLEVELAND 4164 THORNLANDS 4165 MOUNT COTTON 4183 AMITY

4184 COOCHIEMUDLO ISLAND

West Moreton 4270 TAMBORINE 4271 EAGLE HEIGHTS 4272 MOUNT TAMBORINE 4275 BENOBBLE 4280 JIMBOOMBA




4285 ALLENVIEW 4287 BARNEY VIEW 4309 ARATULA 4310 ALLANDALE 4311 ATKINSONS DAM 4312 BRYDEN 4313 BIARRA 4341 BLENHEIM 4342 CROWLEY VALE 4343 ADARE 4344 CARPENDALE 4345 GATTON COLLEGE 4347 GRANTHAM 4515 GLENFERN

Perth


Central Metropolitan 6000 CITY DELIVERY CENTRE 6003 HIGHGATE 6004 EAST PERTH 6005 KINGS PARK 6006 NORTH PERTH 6007 LEEDERVILLE 6008 DAGLISH 6009 BROADWAY NEDLANDS 6010 CLAREMONT 6011 COTTESLOE 6012 MOSMAN PARK 6014 FLOREAT 6015 CITY BEACH 6016 GLENDALOUGH 6907 NEDLANDS East Metropolitan 6051 MAYLANDS 6053 BAYSWATER 6054 ASHFIELD 6055 CAVERSHAM 6056 BASKERVILLE 6057 HIGH WYCOMBE 6058 FORRESTFIELD 6062 EMBLETON 6063 BEECHBORO 6066 BALLAJURA 6067 CULLACABARDEE 6068 WHITEMAN 6069 AVELEY 6070 DARLINGTON 6071 GLEN FORREST 6072 MAHOGANY CREEK 6073 MUNDARING 6074 SAWYERS VALLEY 6076 BICKLEY 6077 GNANGARA 6078 MARIGINIUP 6079 LEXIA 6081 PARKERVILLE 6082 BAILUP 6083 GIDGEGANNUP

6084 AVON VALLEY NATIONAL PARK

6090 MALAGA 6556 BEECHINA


6558 WOOROLOO North Metropolitan 6017 HERDSMAN 6018 CHURCHLANDS 6019 SCARBOROUGH 6020 CARINE 6021 BALCATTA 6022 HAMERSLEY 6023 DUNCRAIG 6024 GREENWOOD 6025 CRAIGIE 6026 KINGSLEY 6027 BELDON 6028 BURNS BEACH 6029 TRIGG 6030 CLARKSON 6031 BANKSIA GROVE 6032 NOWERGUP 6033 CARABOODA 6034 EGLINTON 6035 YANCHEP 6036 BUTLER 6037 TWO ROCKS 6038 ALKIMOS 6050 COOLBINIA 6052 BEDFORD 6059 DIANELLA 6060 JOONDANNA 6061 BALGA 6064 ALEXANDER HEIGHTS 6065 ASHBY 6937 TUART HILL 6938 TUART HILL 6940 TUART HILL South East Metropolitan 6100 BURSWOOD 6101 CARLISLE 6102 BENTLEY 6103 RIVERVALE 6104 ASCOT 6105 CLOVERDALE 6106 WELSHPOOL 6107 BECKENHAM 6108 THORNLIE 6109 MADDINGTON 6110 GOSNELLS 6111 ASHENDON 6112 ARMADALE 6121 OAKFORD 6122 BYFORD 6123 MUNDIJONG 6124 JARRAHDALE 6125 HOPELAND 6126 KEYSBROOK 6147 LANGFORD 6148 FERNDALE 6151 KENSINGTON 6152 COMO 6155 CANNING VALE 6980 CANNINGTON South West Metropolitan 6149 BULL CREEK 6150 BATEMAN 6153 APPLECROSS 6154 ALFRED COVE 6156 ATTADALE 6157 BICTON




6158 EAST FREMANTLE 6159 NORTH FREMANTLE 6160 FREMANTLE 6161 ROTTNEST ISLAND 6162 BEACONSFIELD 6163 BIBRA LAKE 6164 ATWELL 6165 HOPE VALLEY 6166 COOGEE 6167 ANKETELL 6168 COOLOONGUP 6169 SAFETY BAY 6170 LEDA 6171 BALDIVIS 6172 PORT KENNEDY 6173 SECRET HARBOUR 6174 GOLDEN BAY 6175 SINGLETON 6176 KARNUP

Adelaide


Eastern Adelaide 5000 ADELAIDE 5006 NORTH ADELAIDE 5034 CLARENCE PARK 5035 ASHFORD 5061 HYDE PARK 5063 EASTWOOD 5064 GLEN OSMOND 5065 DULWICH 5066 BEAUMONT 5067 BEULAH PARK 5068 HEATHPOOL 5069 COLLEGE PARK 5070 FELIXSTOW 5072 AULDANA 5073 HECTORVILLE 5074 CAMPBELLTOWN 5075 DERNANCOURT 5076 ATHELSTONE 5081 COLLINSWOOD 5082 FITZROY 5083 BROADVIEW 5131 HOUGHTON 5132 PARACOMBE 5133 INGLEWOOD 5134 CHERRYVILLE 5136 NORTON SUMMIT 5137 ASHTON 5138 BASKET RANGE 5139 FOREST RANGE 5140 GREENHILL 5141 HORSNELL GULLY 5142 URAIDLA 5144 CAREY GULLY 5150 EAGLE ON THE HILL 5151 PICCADILLY 5152 CLELAND 5154 ALDGATE 5155 BRIDGEWATER 5156 UPPER STURT


5231 CHAIN OF PONDS 5232 CUDLEE CREEK 5233 FORRESTON 5234 BIRDWOOD 5240 LENSWOOD 5241 LOBETHAL 5242 BALHANNAH 5243 OAKBANK Northern Adelaide 5010 ANGLE PARK 5016 LARGS BAY 5017 OSBORNE 5018 NORTH HAVEN 5084 BLAIR ATHOL 5085 CLEARVIEW 5086 GILLES PLAINS 5087 KLEMZIG 5088 HOLDEN HILL 5089 HIGHBURY 5090 HOPE VALLEY 5091 BANKSIA PARK 5092 MODBURY 5093 PARA VISTA 5094 CAVAN 5095 MAWSON LAKES 5096 GULFVIEW HEIGHTS 5097 REDWOOD PARK 5098 INGLE FARM 5106 PARAFIELD 5107 GREEN FIELDS 5108 PARALOWIE 5109 BRAHMA LODGE 5110 BOLIVAR 5111 EDINBURGH 5112 ELIZABETH 5113 DAVOREN PARK 5114 ANDREWS FARM 5115 KUDLA 5116 EVANSTON 5117 ANGLE VALE 5118 BIBARINGA 5120 BUCKLAND PARK 5121 MACDONALD PARK 5125 GOLDEN GROVE 5126 FAIRVIEW PARK 5127 WYNN VALE Southern Adelaide 5038 CAMDEN PARK 5039 CLARENCE GARDENS 5041 COLONEL LIGHT GARDENS 5042 BEDFORD PARK 5043 ASCOT PARK 5044 GLENGOWRIE 5045 GLENELG 5046 OAKLANDS PARK 5047 DARLINGTON 5048 BRIGHTON 5049 KINGSTON PARK 5050 BELLEVUE HEIGHTS 5051 BLACKWOOD 5052 BELAIR 5062 BROWN HILL CREEK 5157 ASHBOURNE 5158 HALLETT COVE 5159 ABERFOYLE PARK 5160 LONSDALE




5161 OLD REYNELLA 5162 MORPHETT VALE 5163 HACKHAM 5164 CHRISTIE DOWNS 5165 CHRISTIES BEACH 5166 O'SULLIVAN BEACH 5167 PORT NOARLUNGA 5168 NOARLUNGA CENTRE 5169 MOANA 5170 MASLIN BEACH 5171 BLEWITT SPRINGS 5172 DINGABLEDINGA 5173 ALDINGA 5174 SELLICKS BEACH Western Adelaide 5007 BOWDEN 5008 CROYDON 5009 ALLENBY GARDENS 5011 WOODVILLE 5012 ATHOL PARK 5013 GILLMAN 5014 ALBERT PARK 5015 BIRKENHEAD 5019 EXETER 5020 WEST LAKES SHORE 5021 WEST LAKES 5022 GRANGE 5023 FINDON 5024 FULHAM 5025 FLINDERS PARK 5031 MILE END 5032 BROOKLYN PARK 5033 COWANDILLA 5037 GLANDORE 5040 NOVAR GARDENS 5601 IRON KNOB 5720 PIMBA 5722 ANDAMOOKA 5724 MARLA 5730 BELTANA 5731 COOPERS CREEK 5732 COPLEY 5733 FARINA 5734 OODNADATTA 5950 ADELAIDE AIRPORT



Appendix 7 – Total Regional Summary (30 plus days delinquent)

This table is simply an aggregation of all the data used throughout the report

Region Name State Population As

% Of Australia Of Mortgage Out-

Standing WA LTV Avg Current

Balance WA

Seasoning Delinquencies Within Region

Ranking Of Percentage Of Delinquencies Within Region

Region's Contribution To Total Australian Delinquencies

Moody’s Mortgage

Performance Indicator

WA LTV (30 + Days)

Avg Current Balance (30 +

Days) WA Seasoning

(30 + Days)

All Gippsland VIC 1.21% 0.79% 62.42% $113,776 45 1.31% 34 0.78% 0.98 73.30% $152,667 46

Australian Capital Territory ACT 1.63% 2.59% 62.66% $155,895 45 0.57% 62 1.11% 0.43 74.13% $205,330 44

Barwon-Western District VIC 1.81% 1.47% 62.59% $131,943 46 1.05% 47 1.15% 0.78 74.85% $167,472 50

Brisbane City Inner Ring QLD 2.07% 2.20% 58.86% $193,448 48 0.60% 59 0.98% 0.45 69.58% $265,265 54

Brisbane City Outer Ring QLD 2.75% 3.75% 59.81% $164,060 50 0.94% 55 2.65% 0.70 72.16% $227,864 46

Canterbury-Bankstown NSW 1.52% 1.53% 62.42% $185,038 58 2.05% 6 2.35% 1.53 75.90% $286,142 62

Central Coast NSW 1.50% 1.67% 65.13% $177,098 57 2.33% 4 2.92% 1.75 80.37% $280,788 58

Central Highlands-Wimmera VIC 0.96% 0.52% 65.48% $114,487 47 1.38% 30 0.54% 1.03 83.88% $161,764 56

Central Metropolitan WA 0.63% 0.72% 51.89% $206,934 46 0.39% 65 0.21% 0.30 62.39% $237,974 56

Central Northern Sydney NSW 2.08% 3.29% 57.96% $228,118 55 1.29% 36 3.18% 0.97 70.84% $421,253 59

Central West NSW 0.86% 0.40% 63.55% $122,332 57 1.98% 8 0.60% 1.48 78.03% $148,701 53

Central Western Sydney NSW 1.53% 1.89% 65.33% $190,728 57 1.68% 15 2.38% 1.26 78.59% $313,080 60

Darling Downs-South West QLD 1.20% 0.58% 60.73% $117,984 50 1.53% 22 0.67% 1.15 72.25% $169,220 55

East Metropolitan WA 1.25% 1.39% 58.56% $160,973 43 1.50% 24 1.57% 1.12 75.11% $240,006 39

Eastern Adelaide SA 1.13% 1.19% 57.15% $150,688 52 0.66% 58 0.59% 0.50 70.85% $190,159 57

Eastern Suburbs NSW 1.16% 1.76% 56.41% $251,703 54 1.07% 45 1.41% 0.80 70.62% $429,746 64

Fairfield-Liverpool NSW 1.74% 2.05% 64.60% $179,208 61 2.77% 1 4.24% 2.07 78.72% $288,017 63

Far North QLD 1.17% 0.96% 63.21% $151,183 47 1.56% 20 1.13% 1.17 71.99% $244,436 47

Far West-North Western NSW 0.67% 0.20% 63.11% $110,027 55 1.93% 9 0.30% 1.45 73.46% $141,428 54

Gold Coast QLD 2.43% 3.79% 64.21% $195,944 51 1.57% 19 4.45% 1.17 75.60% $291,403 49

Goulburn-Ovens-Murray NSW 1.45% 0.73% 63.17% $116,482 50 1.22% 43 0.67% 0.91 72.79% $149,552 58

Hunter NSW 2.97% 1.84% 64.14% $157,832 53 2.05% 5 2.83% 1.54 76.68% $237,599 53

Illawarra NSW 1.99% 1.72% 62.14% $165,290 56 1.82% 12 2.35% 1.37 76.34% $253,340 56

Inner Eastern Melbourne VIC 2.88% 2.72% 56.54% $186,024 46 0.91% 56 1.86% 0.68 73.03% $307,780 48

Inner Melbourne VIC 1.37% 1.89% 60.14% $206,940 48 0.50% 64 0.70% 0.37 64.78% $230,353 54

Inner Sydney NSW 1.58% 2.74% 61.43% $222,952 56 0.99% 48 2.04% 0.74 72.92% $363,020 61

Inner Western Sydney NSW 0.85% 1.31% 59.73% $232,676 54 0.98% 51 0.96% 0.73 95.68% $320,564 68

Ipswich City QLD 0.71% 0.84% 66.16% $146,965 47 1.39% 28 0.88% 1.04 76.77% $190,901 46

Loddon-Mallee VIC 1.30% 0.90% 63.21% $114,172 50 0.97% 52 0.65% 0.73 75.91% $141,890 52

Lower Northern Sydney NSW 1.46% 2.31% 56.97% $234,856 54 0.54% 63 0.94% 0.41 67.52% $373,040 60




% Of Australia Of Mortgage Out-

Standing WA LTV Avg Current

Balance WA




Moody’s Mortgage

Performance Indicator

WA LTV (30 + Days)

Avg Current Balance (30 +

Days) WA Seasoning

(30 + Days)

Lower Western WA WA 1.40% 1.25% 58.17% $157,903 43 2.00% 7 1.88% 1.50 73.39% $234,107 41

Mackay-Fitzroy-Central West QLD 1.76% 1.30% 61.22% $149,869 46 1.47% 25 1.43% 1.10 74.20% $211,247 42

Mid-North Coast NSW 1.44% 0.68% 59.85% $134,944 55 1.86% 10 0.95% 1.39 73.42% $224,382 53

Mornington Peninsula VIC 1.28% 1.25% 62.74% $147,400 48 1.41% 27 1.32% 1.05 76.41% $190,078 50

Murray-Murrumbidgee VIC 1.30% 0.59% 64.12% $116,853 51 1.72% 14 0.76% 1.29 79.20% $154,154 53

North BSD Balance QLD 1.64% 1.54% 63.34% $161,746 48 1.31% 35 1.51% 0.98 74.46% $209,844 50

North Eastern Melbourne VIC 2.16% 1.92% 60.67% $155,931 47 0.95% 53 1.38% 0.72 73.56% $218,871 47

North Metropolitan WA 2.21% 2.90% 57.39% $176,218 44 1.34% 32 2.92% 1.00 71.14% $233,263 41

North Western Melbourne VIC 1.43% 1.32% 64.24% $152,568 48 1.28% 37 1.27% 0.96 79.58% $203,852 51

North Western Sydney NSW 2.92% 3.65% 66.39% $179,028 59 2.37% 3 6.48% 1.78 80.22% $270,684 60

Northern QLD 0.87% 0.26% 61.94% $110,231 53 1.45% 26 0.28% 1.08 77.72% $153,186 56

Northern Adelaide SA 1.79% 1.67% 63.46% $124,807 52 1.28% 38 1.60% 0.96 76.45% $162,366 50

Northern and Western SA SA 0.77% 0.22% 59.99% $102,576 50 1.24% 41 0.20% 0.93 71.02% $147,733 44

Northern Beaches NSW 1.14% 1.81% 56.24% $244,020 56 0.99% 49 1.34% 0.74 69.50% $431,487 63

Northern Territory NT 0.96% 0.62% 61.14% $161,124 42 0.57% 61 0.27% 0.43 71.17% $185,801 44

Northern-North West QLD 1.15% 0.88% 62.39% $153,658 45 1.54% 21 1.02% 1.16 73.45% $215,392 41

Outer Eastern Melbourne VIC 1.95% 1.84% 62.33% $144,383 48 0.95% 54 1.32% 0.72 75.06% $195,117 49

Outer South Western Sydney NSW 1.18% 1.50% 66.39% $177,012 60 2.55% 2 2.86% 1.91 76.35% $263,024 59

Outer Western Melbourne VIC 3.09% 3.07% 64.56% $152,781 47 1.25% 40 2.88% 0.94 78.32% $205,136 52

Remainder - Balance WA WA 1.16% 0.57% 59.39% $155,335 41 1.59% 18 0.68% 1.19 72.00% $199,861 38

Richmond-Tweed NSW 1.11% 0.79% 59.38% $157,150 52 1.37% 31 0.81% 1.03 70.69% $250,154 49

South and East BSD Balance QLD 1.73% 1.72% 61.92% $157,961 49 1.28% 39 1.65% 0.96 75.03% $210,043 45

South East Metropolitan WA 1.66% 1.97% 59.19% $162,986 44 1.38% 29 2.04% 1.04 71.29% $224,779 44

South Eastern NSW 1.00% 0.87% 61.92% $143,827 50 1.24% 42 0.81% 0.93 75.53% $161,267 48

South Eastern Melbourne VIC 2.01% 1.97% 65.49% $142,956 48 1.53% 23 2.25% 1.15 77.59% $203,679 53

South West Metropolitan WA 1.55% 1.91% 57.99% $174,522 43 1.59% 17 2.28% 1.19 73.68% $259,614 41

Southern Adelaide SA 1.63% 1.59% 60.60% $133,386 50 0.74% 57 0.89% 0.56 71.43% $172,260 52

Southern and Eastern SA SA 1.28% 0.69% 60.63% $120,266 51 1.15% 44 0.60% 0.86 73.50% $160,588 54

Southern Melbourne VIC 1.98% 1.88% 56.97% $189,909 46 0.60% 60 0.84% 0.45 77.27% $249,960 49

St George-Sutherland NSW 2.14% 2.83% 59.32% $204,561 56 1.32% 33 2.80% 0.99 74.86% $387,131 56

Sunshine Coast QLD 1.39% 1.62% 59.24% $179,781 50 1.84% 11 2.24% 1.38 74.59% $309,132 52

Tasmania TAS 2.40% 1.32% 62.72% $110,585 40 1.05% 46 1.03% 0.78 80.81% $145,031 44

West Moreton QLD 0.35% 0.41% 61.18% $150,094 45 1.78% 13 0.55% 1.34 75.03% $212,763 49

Western Adelaide SA 1.04% 0.80% 60.09% $137,926 52 0.98% 50 0.59% 0.74 76.20% $180,305 47

Wide Bay-Burnett QLD 1.29% 0.83% 61.66% $126,216 48 1.65% 16 1.02% 1.24 74.14% $194,011 43



Appendix 8 – Total Regional Summary (90 plus days delinquent)

This table is simply an aggregation of all the data used throughout the report


% Of Australia Mortgages

Out-Standing WA LTV Avg Current

Balance WA




Moody’s Mortgage Perfor-mance Indicator

WA LTV (90 + Days)

Avg Current Balance

(90+ Days) WA Seasoning

(90 + Days)

All Gippsland VIC 1.21% 0.79% 62.42% $113,776 45 0.67% 15 0.74% 0.93 78.41% $162,062 40

Australian Capital Territory ACT 1.63% 2.59% 62.66% $155,895 45 0.19% 62 0.71% 0.27 76.40% $131,375 38

Barwon-Western District VIC 1.81% 1.47% 62.59% $131,943 46 0.55% 24 0.87% 0.59 77.93% $135,146 51

Brisbane City Inner Ring QLD 2.07% 2.20% 58.86% $193,448 48 0.29% 53 1.05% 0.48 69.37% $270,554 61

Brisbane City Outer Ring QLD 2.75% 3.75% 59.81% $164,060 50 0.28% 54 2.53% 0.67 75.45% $214,078 48

Canterbury-Bankstown NSW 1.52% 1.53% 62.42% $185,038 58 0.80% 9 1.93% 1.26 76.17% $248,492 65

Central Coast NSW 1.50% 1.67% 65.13% $177,098 57 1.28% 1 3.32% 1.98 81.69% $289,412 61

Central Highlands-Wimmera VIC 0.96% 0.52% 65.48% $114,487 47 0.57% 21 0.56% 1.07 101.05% $167,292 52

Central Metropolitan WA 0.63% 0.72% 51.89% $206,934 46 0.18% 63 0.27% 0.37 49.16% $197,045 58

Central Northern Sydney NSW 2.08% 3.29% 57.96% $228,118 55 0.49% 32 3.71% 1.13 73.40% $468,132 63

Central West NSW 0.86% 0.40% 63.55% $122,332 57 0.85% 6 0.71% 1.77 83.03% $162,702 52

Central Western Sydney NSW 1.53% 1.89% 65.33% $190,728 57 0.76% 12 1.99% 1.06 82.93% $295,762 69

Darling Downs-South West QLD 1.20% 0.58% 60.73% $117,984 50 0.34% 49 0.54% 0.93 70.30% $133,646 42

East Metropolitan WA 1.25% 1.39% 58.56% $160,973 43 0.47% 35 1.86% 1.33 76.67% $250,772 35

Eastern Adelaide SA 1.13% 1.19% 57.15% $150,688 52 0.21% 61 0.45% 0.38 67.80% $179,302 58

Eastern Suburbs NSW 1.16% 1.76% 56.41% $251,703 54 0.49% 31 1.66% 0.95 75.37% $448,786 64

Fairfield-Liverpool NSW 1.74% 2.05% 64.60% $179,208 61 1.04% 2 4.21% 2.06 82.48% $294,272 63

Far North QLD 1.17% 0.96% 63.21% $151,183 47 0.61% 18 1.02% 1.07 70.81% $289,603 48

Far West-North Western NSW 0.67% 0.20% 63.11% $110,027 55 0.74% 13 0.40% 1.94 77.26% $130,422 53

Gold Coast QLD 2.43% 3.79% 64.21% $195,944 51 0.82% 7 4.91% 1.30 78.62% $338,632 47

Goulburn-Ovens-Murray NSW 1.45% 0.73% 63.17% $116,482 50 0.69% 14 0.68% 0.93 71.93% $155,382 57

Hunter NSW 2.97% 1.84% 64.14% $157,832 53 1.03% 3 3.36% 1.83 80.42% $229,014 49

Illawarra NSW 1.99% 1.72% 62.14% $165,290 56 0.80% 8 2.08% 1.21 75.85% $242,501 57

Inner Eastern Melbourne VIC 2.88% 2.72% 56.54% $186,024 46 0.38% 43 1.96% 0.72 85.96% $298,664 50

Inner Melbourne VIC 1.37% 1.89% 60.14% $206,940 48 0.34% 48 0.90% 0.48 68.13% $205,819 57

Inner Sydney NSW 1.58% 2.74% 61.43% $222,952 56 0.54% 25 1.78% 0.65 77.34% $352,288 63

Inner Western Sydney NSW 0.85% 1.31% 59.73% $232,676 54 0.40% 41 1.00% 0.76 72.43% $329,191 75

Ipswich City QLD 0.71% 0.84% 66.16% $146,965 47 0.25% 57 0.66% 0.79 78.56% $151,461 49

Loddon-Mallee VIC 1.30% 0.90% 63.21% $114,172 50 0.48% 33 0.58% 0.64 75.03% $142,558 53

Lower Northern Sydney NSW 1.46% 2.31% 56.97% $234,856 54 0.37% 47 0.92% 0.40 71.53% $342,553 55




% Of Australia Mortgages

Out-Standing WA LTV Avg Current

Balance WA




Moody’s Mortgage Perfor-mance Indicator

WA LTV (90 + Days)

Avg Current Balance

(90+ Days) WA Seasoning

(90 + Days)

Lower Western WA WA 1.40% 1.25% 58.17% $157,903 43 0.77% 11 2.76% 2.20 75.97% $255,521 42

Mackay-Fitzroy-Central West QLD 1.76% 1.30% 61.22% $149,869 46 0.48% 34 1.45% 1.12 79.70% $226,679 45

Mid-North Coast NSW 1.44% 0.68% 59.85% $134,944 55 0.79% 10 1.23% 1.80 77.87% $260,736 54

Mornington Peninsula VIC 1.28% 1.25% 62.74% $147,400 48 0.32% 50 1.28% 1.03 75.05% $173,065 49

Murray-Murrumbidgee VIC 1.30% 0.59% 64.12% $116,853 51 0.61% 17 0.60% 1.02 89.82% $131,648 61

North BSD Balance QLD 1.64% 1.54% 63.34% $161,746 48 0.45% 38 0.86% 0.56 78.33% $164,335 51

North Eastern Melbourne VIC 2.16% 1.92% 60.67% $155,931 47 0.31% 51 1.01% 0.53 79.36% $176,265 58

North Metropolitan WA 2.21% 2.90% 57.39% $176,218 44 0.42% 40 2.62% 0.90 73.08% $232,211 42

North Western Melbourne VIC 1.43% 1.32% 64.24% $152,568 48 0.44% 39 1.13% 0.85 81.08% $196,629 44

North Western Sydney NSW 2.92% 3.65% 66.39% $179,028 59 1.02% 4 7.40% 2.03 83.77% $276,075 60

Northern QLD 0.87% 0.26% 61.94% $110,231 53 0.46% 37 0.24% 0.93 80.35% $144,560 47

Northern Adelaide SA 1.79% 1.67% 63.46% $124,807 52 0.38% 44 1.47% 0.88 78.19% $142,665 51

Northern and Western SA SA 0.77% 0.22% 59.99% $102,576 50 0.17% 64 0.14% 0.63 64.27% $115,829 65

Northern Beaches NSW 1.14% 1.81% 56.24% $244,020 56 0.52% 28 1.57% 0.87 72.79% $371,676 77

Northern Territory NT 0.96% 0.62% 61.14% $161,124 42 0.15% 65 0.21% 0.33 78.66% $136,073 25

Northern-North West QLD 1.15% 0.88% 62.39% $153,658 45 0.39% 42 0.68% 0.78 73.78% $193,376 43

Outer Eastern Melbourne VIC 1.95% 1.84% 62.33% $144,383 48 0.21% 60 1.20% 0.65 79.87% $193,264 49

Outer South Western Sydney NSW 1.18% 1.50% 66.39% $177,012 60 0.93% 5 2.48% 1.66 77.28% $237,132 58

Outer Western Melbourne VIC 3.09% 3.07% 64.56% $152,781 47 0.49% 30 2.74% 0.89 78.63% $198,012 49

Remainder - Balance WA WA 1.16% 0.57% 59.39% $155,335 41 0.38% 45 0.74% 1.30 71.33% $200,442 37

Richmond-Tweed NSW 1.11% 0.79% 59.38% $157,150 52 0.56% 23 0.77% 0.97 75.06% $284,700 49

South and East BSD Balance QLD 1.73% 1.72% 61.92% $157,961 49 0.26% 56 1.15% 0.67 79.49% $213,752 46

South East Metropolitan WA 1.66% 1.97% 59.19% $162,986 44 0.53% 27 2.54% 1.29 74.77% $231,755 44

South Eastern NSW 1.00% 0.87% 61.92% $143,827 50 0.60% 20 0.71% 0.82 80.77% $124,149 49

South Eastern Melbourne VIC 2.01% 1.97% 65.49% $142,956 48 0.54% 26 2.02% 1.02 81.05% $209,904 52

South West Metropolitan WA 1.55% 1.91% 57.99% $174,522 43 0.50% 29 2.49% 1.30 77.63% $273,853 42

Southern Adelaide SA 1.63% 1.59% 60.60% $133,386 50 0.22% 58 0.96% 0.60 74.25% $172,791 49

Southern and Eastern SA SA 1.28% 0.69% 60.63% $120,266 51 0.56% 22 0.67% 0.97 72.60% $159,883 56

Southern Melbourne VIC 1.98% 1.88% 56.97% $189,909 46 0.28% 55 0.64% 0.34 93.96% $198,863 57

St George-Sutherland NSW 2.14% 2.83% 59.32% $204,561 56 0.37% 46 2.95% 1.04 76.65% $406,932 57

Sunshine Coast QLD 1.39% 1.62% 59.24% $179,781 50 0.64% 16 2.46% 1.52 72.28% $405,552 51

Tasmania TAS 2.40% 1.32% 62.72% $110,585 40 0.30% 52 1.33% 1.01 87.19% $149,097 44

West Moreton QLD 0.35% 0.41% 61.18% $150,094 45 0.60% 19 0.34% 0.82 75.30% $181,539 49

Western Adelaide SA 1.04% 0.80% 60.09% $137,926 52 0.22% 59 0.63% 0.79 76.92% $170,915 45

Wide Bay-Burnett QLD 1.29% 0.83% 61.66% $126,216 48 0.46% 36 1.14% 1.37 76.29% $192,515 38



Related Research

For a more detailed explanation of Moody’s approach to this type of transaction as well as similar transactions please refer to the following reports:

Report Type

» Title, Month Year (SF#)



Report Type




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Moody's publishes a weekly summary of structured finance credit, ratings and methodologies, available to all registered users of our website, at www.moodys.com/SFQuickCheck.

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Moodys Regional Approach to Mortgage Delinquencies in Australia

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