Australia's mortgage burden exceeds 1989 levels amid rising financial pressures
Australia’s mortgage burden surpassed 1989 levels as new KPMG analysis reveals current households allocate a higher percentage of income to service loans despite lower interest rates. Urban economist Terry Rawnsley stated that borrowing conditions have worsened in recent years, with concerns over rising home values and affordability. Homeownership rates have declined steadily alongside these financial pressures.
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Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 01 Jul 2026, 14:01 UTC · Updated 01 Jul 2026, 14:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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