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Mortgage misery in Australia

Australia's economy is continuing to grow strongly, with growth on an annual basis of 2.5% in the third quarter of 2011.

But many Australians are finding it increasingly hard to maintain their mortgage payments, following a period of interest rate hikes and ever rising property prices.

The BBC's Phil Mercer reports from Sydney on the plight of some homeowners and measures that the banking industry is taking to deal with the issue.

  • 07 Dec 2011