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Dec 06, 2018 - Australian Financial Review

Delinquencies grow

Housing loan delinquencies will continue to grow moderately in 2019 after growing slowly in the year to September, Moody's Investors Service says. Arrears, however, remain at low levels. Pressures driving more delinquencies stemming from low wage growth, falling house prices, rising loan interest rates as banks pass on higher funding costs and conversions of interest-only mortgages to principal and interest loans are offset by strong employment conditions and the current...