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Showing 1 - 10 of 105 results for "Household Debt"

Superannuation system quality stagnates: Report

KARREN VERGARA  |  WEDNESDAY, 15 OCT 2025
... net replacement rate for average-income earners. Raising the level of household savings and reducing the level of household debt and introducing a government superannuation contribution to primary carers of young children can also improve its standing. ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
The long-awaited Tranche 2 of the Delivering Better Financial Outcomes draft package has been released, switching Statements of Advice for Client Advice Records and clarifying what topics super funds can collectively charge for. However, some elements ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... dwelling prices. "Although house price growth has eased, prices are still 40% higher than before the pandemic and household debt is high relative to incomes both compared with long-term trends and relative to international peers," Lonsdale said. "This ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... opt to sell and downsize to reduce their debt. According to the Australian Bureau of Statistics, the amount of household debt now sits at an average of $242,000 for Aussies over 55. According to the study, three in five respondents believe that staying ...

Downside risk dominates Australia's economic outlook: IMF

ANDREW MCKEAN  |  THURSDAY, 2 FEB 2023
... policies are adequate, but recommended monitoring potential risks that could stem from, higher interest rates, high household debt, and falling house prices.

RBA downplays exchange rate inflationary impacts

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
... cash rate further, against the medium-term risks associated with an increase in what were already high levels of household debt." These decisions by the board were intended to limit the build-up of financial imbalances that can cause instability in the ...

Relax rate expectations: Franklin Templeton

CHLOE WALKER  |  FRIDAY, 3 JUN 2022
... the RBA delivers will be the most significant driver for bond market returns over the year ahead, he added. "With household debt levels at record highs and consumer confidence already weak, a cash rate as implied by current markets would likely push ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... economy and 85% think short term interest rate policies are insufficient to support macroeconomic stability. Overall household debt has risen substantially relative to GDP from 70% in 1990 to almost 185% by 2020. Some three quarters of this debt is in ...

Government debt blows out 420%

KARREN VERGARA  |  TUESDAY, 20 APR 2021
... money and net debt was close to zero. He pointed out that the current debt level excludes state, corporate and household debt. Treasurer Josh Frydenberg revealed in the October 2020 Budget a record deficit of more than $213.7 billion. While Australia's ...

Super needs improvement: Report card

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... the net replacement rate for average income earners, and raising the household saving and reducing the level of household debt, are other areas of improvement. The onset of the global pandemic has several immediate effects, leading to significant devaluation ...
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