According to the Council of Financial Regulators’ Quarterly Statement for March 2024, noted the material increase in hardship applications over the past year...

The statement found most Australian households are still able to meet debt servicing and other essential spending commitments, through a significant share...

This data also found household spending was up just 0.1% for the quarter, with households spending less on discretionary goods and services and spending more...

And while the household saving rate was up to 3.2% in Q4 from 1.9% in Q3, excess mortgage payments also increased in the second half of 2023. Backing up the...

There has been an increase in the share of households now behind on repayments, despite this coming from historically low levels, with further increases expected...

With recent analysis from S&P Global Ratings, forecast resilience against prime mortgage arrears to be tested in 2024, with savings ratios have fallen from...

This was reflected in NAB’s results for the December quarter, with cash earnings down by 16.9% and its credit impairment charge (CIC) at $193 million due in...

“Preliminary insights from the recent annual Hypothetical Borrower Exercise, where banks provide APRA with serviceability assessments for different types of borrowers...

Despite the increase of borrowers facing hardship, ANZ predicts capital city houses prices will continue to increase 5-6% over 2024 as demand for housing continues to...

“However there is a chance the Reserve Bank begins easing earlier – especially given recent slightly lower inflation and higher unemployment than expected...