Tag: household budget planner
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Rising Consumer Debt Threatens Australian Household Financial Stability
In Australia, the dynamics of household debt have long been a topic of interest in the realms of economics and finance. Unlike many other advanced economies that have worked to reduce their household debt burdens, Australia has seen its households maintain high levels of debt relative to incomes over the past few decades. TI Financial…
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Study Reveals Rising Income Needed for Australian Property Buyers
Aspiring home buyers in Australia are facing a daunting reality as the housing market continues to surge. A recent study by Canstar has shed light on the substantial increase in minimum annual household income required to avoid mortgage stress when purchasing a property. The data reflects the impact of escalating property prices across various states,…