Do you live in a mortgage stress city?

Keeping the mortgage paid is the most
difficult financial management trick most of us have to pull off, but
it's undoubtedly more stressful in some places than others. The ABC
reports
that an analysis of almost a million residential mortgages by Fitch
found that nine of the ten worst-performing postcodes in terms of
mortgage defaults in Australia were in NSW. Wetherill Park in
south-western Sydney was the worst-performing suburbs, while
Helensvale in Queensland was the only non-NSW entry in the top 10.
Western Australia had the lowest percentage of mortgages in arrears,
but that number was growing faster than anywhere else.

So is there a moral to the story? Don't
get a mortgage in NSW if you can help it, apparently. And wherever
you live, try and stick to a budget.