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How could a property peak affect your home loan?
With Australia’s owner occupiers taking out bigger home loans, and signs pointing to national housing values potentially approaching a peak, what risk could home owners face if they were to come face to face with a downturn in the future?
New home loan values reach record highs across Australia
The national average mortgage size for owner-occupiers has reached a record high of $595,568 according to new ABS data. Records were broken in every state and territory except WA.
Australians went on a record breaking $25.7 billion credit card spending-spree in November – but can they pay it back now?
Australians went on a huge shopping-spree in November making almost $69 billion of transactions on their credit cards and debit cards in November – the highest values since records began in 2002.
More news? Read more here
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RateCity in the media
Mortgage deferrals over, penalties back – 7 News
Fix your finances in 2021 - Ch9 news
CBA launches new BNPL platform - Seven news
RateCity is one of Australia's leading financial comparison sites
Since 2007, RateCity has pioneered financial comparison in Australia, with the single goal of helping you save time, money and stress and making smart financial decisions. We do this through our easy to use calculations, comparison tools, guides and information, product expertise and extensive market coverage.