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1.Market Observations, 8.Was Sticky

10 Aug 2017 (AFR) – CBA housing debt: WA ‘elevated’ home loan arrears double the national rate

(10 August 2017, AFR, p44, by Michael Bleby)

‘Western Australia leads the country in terms of problem home loans for Commonwealth Bank of Australia, with a 1.23 per cent arrears rate that is twice the national average. While home loans in the west only account for 16 per cent of the total for the country’s biggest mortgage lender, the proportion of loans that are 90 days or more behind in repayments jumped by a quarter from close to 1 per cent in December, the bank’s results for the year to June showed on Wednesday.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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