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Mortgage arrears to rise

Mortgage arrears are set to rise over the next two years as high leverage and low savings put households in a precarious financial position amid rising unemployment, an ANZ report shows.

While home loan arrears rates in Australia were low by international standards at around 1 per cent before COVID-19, there is now an elevated risk of arrears in the current environment, says Adelaide Timbrell, ANZ economist.

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https://www.afr.com/property/residential/mortgage-arrears-to-rise-among-first-home-buyers-20200629-p55769

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