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Australia’s mortgage default ‘powder keg’

July 12, 2018 - 00:10 -- Admin

By Leith van Onselen Australia’s falling housing market: Combined with record debt loads: And falling houshold income: Has created a mortgage default ‘powder keg’, according to DFA’s Martin North, who believes small mortgage rate increases could push nearly one million Australian households into default: “I’m almost certain they’ll be forced to lift those rates, it’s

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