The number of Australians behind on their mortgage has fallen by more than a third in some parts of the country as interest rate cuts deliver relief to stretched households, but shoppers are continuing to struggle with ever-increasing energy and grocery prices.

With the Reserve Bank mulling a fourth interest rate cut this year at its early November meeting, data compiled by ratings agency Moody’s shows mortgage delinquency rates have fallen in almost every part of the country over the past year.

Just 1.45 per cent of home loans held in residential mortgage-backed securities were 30 days or more behind on repayments to May this year, down almost a quarter on the same period in 2024.

At that point, the official cash rate was 4.35 per cent. So far this year, the Reserve Bank has sliced off

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