Australians Increase Debt Ahead of Anticipated Rate Hikes

Despite looming interest rate increases, Australians are reportedly taking on more and larger home loans, with a significant rise in demand for credit cards.

23 Feb, 01:14 — 23 Feb, 01:14

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sbs-newsMostly Factual47d ago

As rate hikes loom, Australians scramble to take on increasing amounts of debt

Instead of tightening their belts, Australians are taking on more and bigger home loans, while demand for credit cards is soaring.

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Australians Increase Debt Ahead of Anticipated Rate Hikes

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As rate hikes loom, Australians scramble to take on increasing amounts of debt

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