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Moody's: Australian mortgage delinquencies to rise in 2016

The latest from Moody's on Australia:

  • Says delinquencies on Australian home mortgages will rise slightly over 2016 from current low levels "but remain at a low level"
  • Owing to below-trend economic growth and a slower pace of house price growth in some cities
  • Arrears will be highest in those states whose economies are most dependent on the resources sector
  • Expect that Australia's GDP growth will likely be towards the upper end of our 1.5% to 2.5% forecast range for 2016, but this will be below the long-term average of 3.5%

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From Moody's just-released report on residential mortgage backed securities in Australia, "Residential Mortgage Delinquency Map: Improving NSW Underpins Steady Performance"

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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