More than half of Victorians are experiencing cost-of-living and personal debt distress beyond normal levels.
Inflation may no longer trending upwards,but cost of living issues are still taking a toll across Australia.
Changing your habits if you’re a regular borrower can be hard,but there are methods you can use to help slash your debt.
The HELP system has assisted millions of Australians with their university degrees,but the income-contingent loan needs an overhaul.
Any debt is bad if you can’t pay it back,but some debts are better to have than others.
One in eight forced bankruptcy filings in NSW last year were applications by owners’ corporations to make individual owners bankrupt.
In total,nearly $US138 billion ($210 billion) in debt has been lifted from the shoulders of young people ahead of the presidential election in November.
The slowdown in spending by Australian households is gaining speed,according to the latest figures released by the Australian Bureau of Statistics.
The official inflation rate is 4.1 per cent. For people with a job and a home loan,the real inflation rate is much higher.
Lenders have started cutting fixed interest rates on home loans,as markets bet the Reserve Bank will reduce official interest rates later this year.
The outlook for home buyers this year is grimmer than usual,but mortgage brokers say knowing how the system works can give some home owner-hopefuls a leg up.