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PHOTO: Mortgage Stress
House prices are in steep decline across the country. Last month’s figures showed the weakest result since the global financial crisis. In Sydney, prices have plummeted by 8 per cent in a year, and there have been smaller falls in Melbourne, Perth and Darwin. There are also concerns about the growing number of households in mortgage stress, with 60,000 of them at risk of loan default. Michael Atkin reports.
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