household debt

Some Australians borrow more to “keep up with the Joneses” but not for houses, latest data has revealed.

Latest figures suggest current economic reality is becoming “more apparent” to Western Australians, Bankwest has said.

The risk of mortgage stress among Australian borrowers is at its lowest level since January 2023, but analysts have warned that this won’t last should interest rates increase.

New debt collection laws could see high-value debtors lose their homes, the Queensland government has confirmed.

The royal commission has urged those impacted by ‘Robodebt’ to lodge submissions before the 3 February final deadline.