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Westpac repossessions up 10% on downturn in mining states

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Rising mortgage delinquencies and repossessions in outback mining towns are starting to bite Australia's banks, with Westpac Banking Corp the latest to report an increase.

Sydney

RISING mortgage delinquencies and repossessions in outback mining towns are starting to bite Australia's banks, with Westpac Banking Corp the latest to report an increase on Monday.

In a third-quarter update, Australia's second biggest bank by market value said that...

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