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Pat yourself on the back Australia: The Reserve Bank had a typically Aussie response to home loan arrears rising today – no worries – thanks to the actions of your neighbours.
Using the Securitisation Dataset we can assess how loans are performing across different parts of the country by examining arrears rates. Like non-performing loans, the arrears rates have increased a little but remain low. Arrears have risen more in regions experiencing weak economic conditions over recent years.
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Fast Biz Cash Loans | Funding Programs Home loan arrears highest in years, but no worries, says RBA The Reserve Bank had a typically Australian response to home loan arrears rising today – no worries – thanks to the phenomenal chunk of Aussies blitzing mortgages ahead of schedule. Reserve Bank of Australia’s head of financial stability.
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Home loan arrears highest in years, but no worries, says RBA ‘The share of banks’ housing loans in arrears is now back around the level reached in 2010, the highest it has been for many years.’ Australia’s economy is already growing at the slowest rate.
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