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Ticking Timebomb? Thousands of Australian mortgages propped up by virus benefits

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Nearly 20,000 Commonwealth Bank of Australia mortgages are held by people receiving jobless benefits due to COVID19, raising concerns for the economy of possible forced property sales and sharp house price declines once support runs out.

from Top Business News- News18.com
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Ticking Timebomb? Thousands of Australian mortgages propped up by virus benefits Ticking Timebomb? Thousands of Australian mortgages propped up by virus benefits Reviewed by Team Exprssnews on August 12, 2020 Rating: 5

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