One in 20 Australian mortgage holders are spending more than they earn
Reserve Bank says households are generally weathering the record run of interest rate rises but 5% of owner occupiers are in a dire financial position Get our morning and afternoon news emails, free app or daily news podcastAbout one in 20 mortgage holders are spending more than they earn because of higher interest rates and cost-of-living increases but that share should halve by the end of 2025, the Reserve Bank said in its latest financial stability review.The quarterly report, released on Friday, was generally upbeat about the financial health of households and businesses, finding “nearly all borrowers continue to service their debts on schedule” even though conditions are likely to remain challenging for many this year. Continue reading...
Reserve Bank says households are generally weathering the record run of interest rate rises but 5% of owner occupiers are in a dire financial position
About one in 20 mortgage holders are spending more than they earn because of higher interest rates and cost-of-living increases but that share should halve by the end of 2025, the Reserve Bank said in its latest financial stability review.
The quarterly report, released on Friday, was generally upbeat about the financial health of households and businesses, finding “nearly all borrowers continue to service their debts on schedule” even though conditions are likely to remain challenging for many this year. Continue reading...
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