Super-sized mortgages giving Australians a massive interest rate headache
Australian borrowers are grappling with record-high mortgages as average home loans reach $735,000, up 11 percent in a year. Interest repayments now consume 5.4 percent of household income, surpassing levels seen during the late 1980s. With national dwelling values falling 0.4 percent in June, the property market faces rising financial stress amid government tax changes and potential rate hikes.
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Published 01 Jul 2026, 14:01 UTC · Updated 01 Jul 2026, 14:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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