Life now tougher for borrowers than 17pc interest days, analysis finds
Australian households have faced tougher borrowing conditions over the past two years than during the late 1980s interest rate peak of 17.5 percent, according to KPMG analysis. Total interest payments reached a high of 5.9 percent of household income in December 2023. This has sparked debate over generational differences in mortgage stress and housing market challenges.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 01 Jul 2026, 13:58 UTC · Updated 01 Jul 2026, 14:00 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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