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Households struggling as 'mortgage stress' spreads

Source: ABC News
Published: Wednesday, November 26, 2008 7:56 AEDT
Expires: Tuesday, February 24, 2009 7:56 AEDT

Mortgage defaults are getting worse and more widespread, a new report by ratings agency Fitch Ratings says.

Tags: business-economics-and-finance, economic-trends, industry, banking, australia

2008 Year In Review

ABC News Online takes a look at the big stories from 2008.

Photo

A cow stands in floodwaters in north-west Queensland

Udder-ly lost

It's not just human residents who are inconvenienced by the Qld floods.

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Sydney Festival

Want to know more about the Sydney Festival? Ask our blogger Antonette Collins.

Offbeat

An Elvis impersonator and 'fans' pose for photos before leaving Sydney's Central Station

'Elvis Express'

Hundreds of Elvis impersonators have boarded a train from Sydney to Parkes for an annual festival.