I've noticed in a few parts vested interests trying to promote the idea that Australia's property markets are groaning under monstrous mortgage stress, which will lead to a mass of defaults and panic selling.
Of course, this is nowhere near being the case, with mortgage buffers and offset accounts building by the month to unprecedented levels in the prevailing low interest rate environment.
Westpac (WBC) released its 1Q16 Capital & Asset Quality update to market this morning, which showed that 90+ day delinquencies on mortages continue to track at very low levels at just 46 basis points.
Queensland had previously been tracking at elevated levels following severe flooding in the state, but even here delinquencies have declined.
Undoubtedly there has been mortgage stress in mining and resources regions.
Indeed see the 60 Minutes show on television on Sunday which will highlight the case of the one-horse coal mining town of Moranbah, where property prices have crashed by up to 80-90 per cent.
And there have of course been other mining towns that have befallen a similar fate, such as Dysart and several more besides.
Overall, however, mortgage delinquency rates happily remain low.
The lowest delinquency rates of all are recorded in New South Wales, followed by Victoria.
Source: Westpac Banking Corporation (ASX: WBC)