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Ticking timebomb? Thousands of Australia mortgages propped up by virus benefits

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Nearly 20,000 Commonwealth Bank of Australia (CBA) mortgages are held by people receiving jobless benefits due to Covid-19, raising concerns for the economy of possible forced property sales and sharp house price declines once support runs out.

[SYDNEY] Nearly 20,000 Commonwealth Bank of Australia (CBA) mortgages are held by people receiving jobless benefits due to Covid-19, raising concerns for the economy of possible forced property sales and sharp house price declines once support runs out.

The data, released by the country's...

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