The great Australian nightmare: mortgage default and repossession

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Author(s): Mike Berry; Tony Dalton; Anitra Nelson
Description: Mortgage default has long term impacts on the financial wellbeing of households including bankruptcy, drawing on superannuation savings, and high levels of debt even after the sale of the house. Better access by borrowers to financial advice and mortgage relief assistance, as well as stricter lending standards and better consideration of illness and hardship by lenders, would reduce rates of default
Citation: Berry, M., Dalton, T., Nelson, A. (2010) The great Australian nightmare: mortgage default and repossession, AHURI Research and Policy Bulletin No. 128, Australian Housing and Urban Research Institute Limited, Melbourne, https://www.ahuri.edu.au/research/research-and-policy-bulletins/128.
Date published: 19 Jul 2010
Publication type: Research and Policy Bulletin 128
Project title: Mortgage default in Australia: nature, causes and social and economic impacts (Project number: 30529)
Project reports: Mortgage default in Australia: nature, causes and social and economic impacts (Positioning Paper)
Mortgage default in Australia: nature, causes and social and economic impacts (Final Report)
Published by: Australian Housing and Urban Research Institute Limited
ISSN: 1445-3428
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