Around 35,000 households are in deep financial difficulty
While APRA Chair John Lonsdale said the levels of debt were normal in historical terms, he admitted they are worsening as the cost-of-living crisis continues to bite.
The numbers that drive our future
While APRA Chair John Lonsdale said the levels of debt were normal in historical terms, he admitted they are worsening as the cost-of-living crisis continues to bite.
Low unemployment, interest rates on hold for more than a year and the price of materials stabilising suggests a building boom is on the cards.
Analysis shows that cash purchases over the past financial year made up 28 per cent of a property market fuelled by wealthy downsizers, retirees and investors.
Spending power split between older and younger Australians in spotlight as those all the way up to 40 cut back in the face of cost-of-living pressure.
Property giants Mirvac and Lendlease see green shoots emerging and positive sentiment starting to return after a challenging year in Australian real estate.
Busiest auction weekend of the spring selling season but sellers' unmatched expectations resulted in lower clearance rates compared to November in 2023.
Pay packets have been expanding strongly as demand for workers remains high but slower growth is expected as the economy weakens and the labour market slackens.
Cutting red tape standing in the way of modular home construction will be rewarded by the federal government via a new fund aimed at spurring states and territories towards a suite of productivity-enhancing reforms.
Australia faces slower growth and additional inflation from a second Donald Trump presidency, but the Treasurer believes the nation is well placed to withstand financial shocks.
Interest rates have been left on hold at 4.35 per cent - as they have been for 12 months - with the Reserve Bank remaining committed to its inflation fight.